Wyden and Copper launch strategic partnership to provide institutional clients with a fully integrated solution for custody and off-exchange trading and settlement of digital assets through ClearLoop.
Zurich/London – Wyden, the leader in institutional trading technology for digital assets, and Copper, a pioneer in institutional digital asset solutions, announce their strategic partnership. Central to this innovative partnership is the integration of Copper’s secure custody infrastructure and ClearLoop trading network into the Wyden trading platform. Wyden clients gain seamless access to safe storage and enhanced collateral management.
Enhanced Digital Asset Access and Risk Mitigation
By seamlessly integrating with Copper’s ClearLoop, Wyden is now able to offer trading on leading centralized exchanges such as OKX, Bybit and Deribit without their funds leaving Copper’s secure MPC (multi-party computation) wallet. This integration improves operational efficiency, mitigates counterparty risk, and enhances capital efficiency for Wyden’s institutional buy- and sell-side clients.
The interoperability with Copper’s off-exchange collateral management and settlement solution enables buy- and sell-side institutions to more easily and cost effectively scale their digital asset strategy, while minimising risk.
Furthermore, ClearLoop’s new trust structure adds another layer of risk mitigation for its users. The legal framework is designed to protect all participants and their digital assets in the event of an insolvency of any of their trading counterparties or custody provider.
Industry-Wide Benchmark in Operational Efficiency and Risk Management
“Our integration with Copper offers an unprecedented degree of risk management and operational efficiency in institutional crypto trading. The partnership between Wyden and Copper offers a comprehensive digital asset trading and custody solution that delivers a seamless experience and will drive forward institutional adoption,” said Andy Flury, CEO of Wyden.
Dmitry Tokarev, CEO at Copper added, “We are excited to announce our partnership with Wyden, which will enable customers to securely access an expanding network of ClearLoop connected exchanges frictionlessly via Wyden’s industry leading trading workflows. This collaboration underscores our mutual commitment to enhancing the security, transparency and accessibility of digital asset financial market infrastructure.”
In the course of the integration, Wyden and Copper are hosting a panel and networking event on “Operational efficiency and risk mitigation,” taking place 13 November 2023. If you are interested in attending, please contact email@example.com.
Wyden is the global leader in institutional digital asset trading technology. By covering the entire trade lifecycle and supporting seamless custody, core banking and portfolio management system integration as well as full trade lifecycle automation, the Wyden platform streamlines digital assets trading. Engineered by a team of trading system veterans and crypto asset experts, Wyden offers best-in-class integrated infrastructure solutions that meet the highest institutional needs. Wyden has offices in Zurich, New York and Singapore.
Since being founded in 2018, Copper has been setting the standard for institutional digital assets by offering custody, trading, prime services and collateral management of digital assets. Underpinned by multi-award-winning technology, Copper has built the comprehensive and secure products and services required to safely custody and trade cryptocurrencies and other digital assets such as tokens and stablecoins. At the core of Copper’s infrastructure is ClearLoop, which enables clients to trade and settle in near real time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.