CopperConnect dramatically expands its DeFi coverage
Copper has taken a major step to further enhance institutional access to the decentralised finance (DeFi) ecosystem with the integration of Arbitrum, BNB, Avalanche, and Fantom into CopperConnect.
At its launch in November 2020, CopperConnect was the first-ever dedicated DeFi tool for institutional investors and remains a key catalyst for driving DeFi adoption amongst this investor segment, which include hedge funds, family offices and private banks.
Available as a simple and highly-secure Google Chrome application, the platform provides institutional investors a reliable and easy way to seamlessly connect digital assets stored in Copper’s multi-party computation (MPC) wallets with decentralised applications (dApps).
Copper’s institutional-grade infrastructure adheres to the highest standards of security, ensuring the safeguarding of assets throughout the DeFi lifecycle – while under custody, during transfer, and when locked into a smart contract to be transferred onto a DeFi Pool.
When withdrawing, assets can only be returned to the wallet from which they came.
Incorporating Layer 2 network Arbitrum, and leading blockchains BNB, Avalanche and Fantom into CopperConnect is a new milestone in Copper’s commitment to unlock the multi-billion dollar DeFi market to an untapped audience that has previously found the sector too complex and risky to participate in.
Dmitry Tokarev, CEO at Copper, commented. “Decentralised finance has the potential to drive innovation in all aspects of traditional finance, from derivatives to insurance. By providing resilient infrastructure and widening CopperConnect’s DeFi coverage with leading protocols such as Arbitrum, BNB, Avalanche, and Fantom, we hope to open up exciting opportunities for further growth in DeFi, the cornerstone of the future of finance.”