Copper.co has partnered with U.S. prime dealer SFOX to provide its institutional clients instant and secure access to SFOX’s best price execution platform and global liquidity while SFOX’s clients will benefit from Copper’s custody and settlement architecture.
The London-based institutional custody and prime brokerage firm use a combination of blockchain agnostic multi-sig wallets and multi-party computation (MPC) to provide industry-leading private key management. It enables institutions to acquire, store, and trade digital assets in a manner that satisfies global investors and regulatory standards and is also one of the few digital asset custody solutions to be insured against crime, including theft of fiat or digital assets.
The firm has recently partnered with OTC liquidity provider DV Chain to provide its institutional clients with secure access to DV Chain’s liquidity through its prime brokerage platform.
SFOX offers access to best-priced liquidity for digital assets with advanced algorithmic order types, global market data analysis, and blockchain infrastructure support. The SFOX model replaces the need to manage multiple exchange accounts and API keys through its global integrated order book of exchanges and OTC liquidity providers via a single point of access. The firm is already serving over 200,000 traders, funds, and businesses in the crypto industry.
Dmitry Tokarev, Chief Executive Officer and Founder of Copper.co, has commented: “SFOX are a force within institutional crypto-asset trading. They are known for their deep liquidity, with low slippage, solid technology, and having been in the crypto-assets ecosystem since the early days. We are delighted to be working with them, providing a crucial and complementary service to our shared clients.”
Danny Kim, Head of Growth at SFOX, has commented: “We are excited to partner and work with one of the fastest-growing institutional digital asset custodians in Europe. They’ve built a great technology for safeguarding digital assets and we look forward to working with them more closely in delivering the needs of institutional investors for crypto. With Copper’s award-winning infrastructure couple with SFOX’s liquidity, our partnership offers institutional investors a full-stack solution for crypto.”
Copper’s Walled Garden and prime brokerage infrastructure is spread across nearly 96% of global crypto liquidity market and is said to handle transactions worth more than 500 Million GBP per month and this figure is expected to grow further given owing to this deal. This news comes shortly after recent headlines which revealed that XinFin- trade finance blockchain solution has selected Copper.Co to provide institutional custody solutions.
