21Shares, an issuer of cryptocurrency exchange-traded merchandise (ETPs), as we speak introduced Copper will present crypto-asset custody and staking companies to safe the underlying belongings of its cryptocurrency ETPs amidst growing curiosity from institutional traders.
Copper’s custody, which makes use of Multi-Social gathering Computation (MPC) know-how, creates three separate key shards somewhat than one non-public key to largely eradicate the chance of publicity when signing transactions. 21Shares may even use Copper’s staking capabilities to handle its digital asset holdings.
ETP merchandise are a method to achieve publicity to cryptocurrency with out the complexity of direct funding. 21Shares’ ETPs serve this function, whereas the custody resolution Copper offers diminishes the safety dangers that institutional traders have to keep away from with the crypto-asset class.
“We’re delighted to be supporting 21Shares. They’re main the best way within the improvement of cryptocurrency ETPs, which make up an essential a part of institutional engagement on this maturing asset class. It’s a pleasure to be working with them and we look ahead to additional collaborating as they develop.”
– Alex Ryvkin, Chief Product Officer of Copper
As of September 1st, 2021, 21Shares manages greater than $1.8B in 17 cryptocurrency ETPs and 77 listings, together with ETPs monitoring Binance, varied crypto indices, and two ETPs with investor staking rewards (Tezos and Solana). Its merchandise are listed on eight regulated European and Swiss buying and selling exchanges.