Native mint and redeem functionality of Ethena digital assets within Copper’s platform now live
Copper and Ethena expand partnership to enable native minting and redemption for Ethena digital assets, building on existing reward-earning capabilities
Wednesday, 10 December 2025 - Copper, a leader in digital asset custody, collateral management, and prime services, is pleased to announce that, as of today, we are the first custodians to support native mint and redeem capabilities for Ethena digital assets in our platform.
Through expanding our close partnership with Ethena, a major decentralized finance protocol, we are introducing direct, in-platform mint and redeem functionality for USDe to improve operational efficiencies. Clients are now able to access USDe and associated discretionary rewards* without the need for external processes, third parties or additional integrations, resulting in greater speed, accessibility, and ease of use.
Since December 2024, we have offered institutional clients the ability to earn discretionary rewards* when holding USDtb and USDe assets on Copper’s secure custody platform. This development marks a key milestone in our ongoing commitment to enhancing operational efficiency and delivering a superior experience for digital asset trading and technology clients such as Flowdesk, one of the first to natively mint and redeem Ethena’s assets through Copper.
“The ability to natively mint and redeem Ethena’s assets directly through Copper allows us to seamlessly swap between USDe and USDtb within the same platform. This not only streamlines our operations but also enables us to earn rewards on our balances through Copper’s partnership with Ethena.” - Greg Guttas, Head of OTC Trading, Flowdesk
“We are proud to be deepening our relationship with Ethena, a truly innovative team that are pushing boundaries within the digital asset space. This new functionality enables clients to streamline their operations and earn discretionary rewards* on USDe and USDtb.” - Tobie Dunnett, Solutions Group Director at Copper.
"We're excited for Copper to be the first custodian to offer native minting and redeeming of Ethena's assets for its institutional clients. This milestone strengthens our long-standing partnership with Copper and streamlines access to our offerings." - Guy Young, founder at Ethena.
This new feature represents a further advancement for the industry enhancing accessibility and usability whilst clients’ assets remain fully secure, accessible, and segregated in users’ accounts leveraging Copper’s MPC security model.
*Disclosure on discretionary rewards
This rewards program operates on a discretionary basis. The allocation and amount of any rewards are not guaranteed and are determined solely at the discretion of Copper. Participation in the program does not create any contractual entitlement or legitimate expectation to receive rewards. Copper reserves the right to modify, suspend, or terminate the program at any time without prior notice. Copper also reserves the right to retain any fees received from the issuer of an asset as part of the program.
Copper makes no representation of any economic benefit, including profits or incentives, from purchasing, selling, transferring, or owning the asset(s) referenced above. Copper is not in any way involved in the issuance or management of the asset(s) referenced above. This rewards program may be subject to restrictions in certain jurisdictions as determined by Copper in its absolute discretion
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About Ethena
"Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated rewards instrument - the 'Internet Bond'."
For more information, please visit: www.ethena.fi
LinkedIn: Ethena Labs
Twitter: @ethena_labs
About Copper
Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.
For more information, please visit: www.copper.co
LinkedIn: Copper.co
Twitter: @CopperHQ
Please direct any media enquiries or requests to: copper@portland-communications.com