Switzerland-based Copper, a digital asset custody and prime services firm, has launched a strategic partnership with Everstake, a global provider of non-custodial staking and blockchain solutions.
Copper says the collaboration aims to offer institutional investors secure, enterprise-grade staking services with robust asset protection.
Institutional investors often face challenges in selecting reliable staking validators and ensuring network decentralization. Addressing these concerns, Copper and Everstake combine Everstake’s decentralized infrastructure and 99% uptime with Copper’s advanced security and settlement capabilities.
Through this partnership, institutional clients can securely stake cryptocurrencies such as Ethereum (ETH), Solana (SOL), Cardano (ADA), NEAR Protocol (NEAR), and Cosmos (ATOM) directly via the Copper platform. This integration provides access to staking rewards while enhancing security and promoting decentralization within Proof-of-Stake (PoS) ecosystems.
The Importance of Custody Solutions Offering Staking Options
Integrating staking services within custody solutions is increasingly vital for institutional investors engaging with PoS cryptocurrencies. Staking involves participating in the validation of transactions on a blockchain network, which helps secure the network and, in return, provides participants with rewards. By offering staking options, custody providers enable clients to earn passive income on their holdings without compromising asset security.
This integration addresses several key concerns:
Security: Custody solutions employ advanced security measures, such as multi-signature wallets and hardware security modules, to protect private keys. This reduces the risks associated with self-custody and potential vulnerabilities in staking.
Operational Efficiency: By consolidating custody and staking services, institutional investors can streamline operations, reducing the complexity and costs associated with managing digital assets across multiple platforms.
Regulatory Compliance: Professional custody services often adhere to stringent regulatory standards, providing institutional investors with confidence that their staking activities comply with applicable laws and regulations.
Unfortunately, Copper does not disclose its custody fees publically, and its staking services are currently not available in the United States.
