May 24 2023 — , one of the industry’s leading digital asset prime brokers has announced its plans to partner with Copper.co, a leading institutional digital asset custody provider, by integrating its pioneering off-exchange collateral management and settlement solution, ClearLoop. This collaboration addresses the growing demand for off-exchange settlement to be made available through Bequant’s prime brokerage offering.
The ClearLoop integration allows digital assets to be kept securely within Copper's infrastructure while simultaneously offering trading on a wide range of ClearLoop-connected exchanges. This streamlined process mitigates exchange counterparty risk while also promoting capital efficiency.
What's more, ClearLoop’s new and innovative trust structure adds another layer of risk mitigation for all users. The innovative legal framework is designed to safeguard digital assets from Copper's insolvent estate, protectingparticipants from insolvency.
George Zarya, CEO at BEQUANT, said: “Post FTX, off exchange settlement is being demanded across the market and we are thrilled to partner with ClearLoop to offer another solution within the BEQUANT ecosystem. We believe that this integration will further drive the mainstream adoption of digital assets by providing institutional traders with alternative custodial solutions to confidently invest in the space.”
Dmitry Tokarev, CEO at Copper, commented: “We’re excited to collaborate with Bequant, bringing secure access to a growing number of ClearLoop connected exchanges and offering off-exchange settlementsolutions. We’re committed, alongside Bequant, to providing asset security and user experience that will be the benchmark industry standard.”
BEQUANT is where traditional investing meets cryptocurrency - a one-stop solution for professional digital asset investors and institutions. BEQUANT’s breadth of products includes prime brokerage, custody and exchange, all enhanced by a market-leading institutional platform providing tools to manage collateral, borrow, lend and trade via DMA across 15+ CeFi exchanges and the top DeFi protocols.
The BEQUANT team is composed of experts from institutional and digital financial services with experience in banking, derivatives, electronic trading and prime brokerage.
Since being founded in 2018, Copper has been setting the standard for institutional digital assets by offering custody 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. Copper is SOC2 Type 2 certified and registered in Switzerland.