21Shares chooses Copper to secure its cryptocurrency ETPs

21Shares, an issuer of cryptocurrency exchange-traded products (ETPs), today announced Copper will provide crypto-asset custody and staking services to secure the underlying assets of its cryptocurrency ETPs amidst increasing interest from institutional investors.Copper’s custody, which uses Multi-Party Computation (MPC) technology, creates three separate key shards rather than one private key to largely eliminate the risk…
21Shares chooses Copper to secure its cryptocurrency ETPs

21Shares, an issuer of cryptocurrency exchange-traded products (ETPs), today announced Copper will provide crypto-asset custody and staking services to secure the underlying assets of its cryptocurrency ETPs amidst increasing interest from institutional investors.

Copper’s custody, which uses Multi-Party Computation (MPC) technology, creates three separate key shards rather than one private key to largely eliminate the risk of exposure when signing transactions. 21Shares will also use Copper’s staking capabilities to manage its digital asset holdings.

ETP products are a way to gain exposure to cryptocurrency without the complexity of direct investment. 21Shares’ ETPs serve this purpose, while the custody solution Copper provides diminishes the security risks that institutional investors need to avoid with the crypto-asset class.

“We are delighted to be supporting 21Shares. They are leading the way in the development of cryptocurrency ETPs, which make up an important part of institutional engagement in this maturing asset class. It is a pleasure to be working with them and we look forward to further collaborating as they grow.”


Alex Ryvkin, Chief Product Officer of Copper

As of September 1st, 2021, 21Shares manages more than $1.8B in 17 cryptocurrency ETPs and 77 listings, including ETPs tracking Binance, various crypto indices, and two ETPs with staking rewards (Tezos and Solana). Its products are listed on eight regulated European and Swiss trading exchanges.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Crypto exchange Kraken acquires crypto staking platform Staked
Read More

Crypto exchange Kraken acquires crypto staking platform Staked

Acquisition of Staked marks Kraken’s fifth acquisition in 2021... Related News Kraken, a popular bitcoin and cryptocurrency exchange company, today announced it will support Parachain Auctions in time for the first rounds taking place on Kusama, the “canary network” for Polkadot. Clients, excluding those in... Read more Kraken, a popular bitcoin and crypto exchange company,…
Tulip integrates Chainlink on its Solana-based leveraged yield farming platform
Read More

Tulip integrates Chainlink on its Solana-based leveraged yield farming platform

Tulip is a yield aggregation platform built on Solana with auto-compounding vault strategies... Tulip, a yield aggregation and leveraged yield farming protocol, announced today it is integrating Chainlink Price Feeds. By integrating the popular oracle network, Tulip will gain access to a high-quality, tamper-proof source of financial market data needed to secure leveraged yield farm…
Canadian bitcoin exchange and transfer service Shakepay raises $44M in Series A
Read More

Canadian bitcoin exchange and transfer service Shakepay raises $44M in Series A

Shakepay supports bitcoin (BTC) and ether (ETH) on its platform... Related News Shakepay, a Canadian-based bitcoin exchange platform, today announced that now its customers' cryptocurrency will be held in cold storage with Coinbase Custody. "This change ensures that your digital currency is held in an account... Read more Shakepay, a platform that allows Canadians to…