Copper provides a secure custody for OXY and MAPS tokens, supporting growing investor demand for Challenge
Copper provides secure custody of OXY and MAPS tokens, supporting growing investor demand for Challenge
LONDON, UNITED KINGDOM / ACCESS WIRE / September 17, 2021 / Copper.co, a leading provider of digital asset custody and trading solutions, today announced that it is now custodian of OXY and MAPS, the tokens powering the Oxygen and Maps ecosystems. me.
Oxygen and Maps.me are built on Serum’s growing and liquid ecosystem that leverages a chained order book for decentralized commerce and to match borrowers and lenders. The serum itself is powered by the fast and inexpensive Solana blockchain.
The custody of OXY and MAPS on the Copper platform will support investment in these Challenge projects of institutional investors, who demand the highest level of security for the custody of their digital assets.
Copper’s award-winning retention solution leverages the security of Multi-Party Computation (MPC) technology, which creates three separate key fragments rather than a private key, largely eliminating the risk of key exposure in online transactions. line. Over 300 institutions are already using Copper’s digital asset custody solutions.
Alex Grebnev, co-founder of Oxygen and Maps.me, commented: “Working with Copper reflects the ongoing commitment of the Oxygen and Maps.me ecosystems to fit into the larger digital asset landscape, as well as to become more accessible to traditional institutional investors. Providing liquidity and safe storage to new and existing investors will continue to be a critical part of the roadmap for the development of the Oxygen and Maps.me ecosystems, which aim to build an alternative market infrastructure for Challenge and promote its mass adoption. “
Dmitry Tokarev, CEO, Copper, commented: “We are delighted to support the development of the Oxygen and Maps.me ecosystems and the growth of investments in Challenge with our agile and secure guard. There is great potential for us to expand our partnership – for example, by examining how we might connect our institutional clients with Oxygen’s alternative market infrastructure – and we will continue to explore how we can continue to work together. “
Founded in 2018 by Dmitry Tokarev, Copper provides a gateway to the crypto-asset space for institutional investors by offering custody, principal brokerage, and settlements on 250 digital assets and over 40 exchanges. It is committed to providing flexible solutions to institutional investors that can adapt to the changing crypto-asset space, while allowing much greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the cryptoasset space. Building on multi-award winning custody, Copper has built the comprehensive and secure suite of tools and services necessary to acquire, trade and securely store cryptocurrencies, including access to trading facilities of loan on margin and Challenge space out.
At the heart of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in a secure trading loop – with real-time settlement over networks. Integrated into the market’s major spot and derivative crypto exchanges, ClearLoop has already transformed the way institutional investors can engage in the crypto-asset space since its launch in May 2020.
For more information, please visit: www.copper.co
Oxygen is an alternative market infrastructure ecosystem, built on top of the rapidly growing liquid serum ecosystem and running on Solana’s scalable blockchain. Like a Challenge protocol, Oxygen is part of a movement to create a more efficient and open financial system – or ‘Finance Without Wall Street‘- which reproduces the constructions of traditional finance without centralized control and without intermediaries. Oxygen.org AG is based at Switzerland, which is recognized as an advanced jurisdiction for distributed ledger technology. Oxygen works with a Big Four auditing firm, with Kudelsky Security (a leading independent provider of bespoke cybersecurity solutions for large enterprises and public sector clients) and with international legal advisors to ensure the security of assets and regulatory compliance.
For more information, visit https://www.oxygen.org/
Maps.me is the world’s leading offline mapping app for travelers. Released in 2011, it has been downloaded over 140 million times. More than 60 million users worldwide were active in 2020, using the app to plan and navigate trips in 195 countries. Maps.me integrates financial services, including payments, foreign exchange, and passive income generation, being part of a new generation of decentralized finance (Challenge) that use smart contracts to allow users to transact directly with each other, rather than through a financial institution. Through the Maps.me wallet, users can also enjoy a range of exciting rewards including eSIM connectivity, refund opportunities and discounts.
For more information visit https://maps.me/
Copper.coChanice Smith [email protected] | +44 (0) 7850 229 457
OxygenAdam harper (Hong Kong) [email protected]Scott krady (United States) [email protected]
THE SOURCE: Maps.me
See the source version on accesswire.com:
© Ritzau Denmark, source Ritzau English Press Releases