Copper Partners with Core to Enhance Institutional BTC Staking

The Core Foundation, contributors to Core, a Bitcoin-powered blockchain, announced a strategic partnership with Copper, a leader in digital asset custody and collateral management. This partnership will enable Copper to support the CORE token and facilitate staking activities, marking a significant step in offering Non-Custodial BTC Staking to the institutional market.

Since its founding in 2018, Copper has been setting the standard for institutional digital asset infrastructure, particularly in custody and collateral management. At the heart of Copper's infrastructure is ClearLoop, a system that allows clients to manage collateral and settle trades across multiple exchanges while mitigating counterparty risk and enhancing capital efficiency. Through this partnership, Copper's infrastructure will support the CORE token and staking, allowing Bitcoin and CORE to be staked directly from a custodial account, thus further reducing counterparty risk.

Rich Rines, Initial Contributor to Core, emphasized the importance of this partnership for institutions looking to maximize their Bitcoin investments. "The institutional market especially is looking at new ways to maximize their Bitcoin investment and yield through a mechanism like the Non-Custodial BTC Staking offered by Core. We couldn't ask for a better partner than Copper to help us in presenting a safe and secure means of providing this kind of investment to the institutional market, while also helping us to optimize the staking process," Rines stated.

Dmitry Tokarev, CEO at Copper.co, highlighted the broader implications of this collaboration. "Our new strategic partnership with Core contributes to the broader growth of secure connectivity. This integration further establishes institutional trust and provides our clients with greater accessibility," Tokarev commented.

Core aims to unlock the $1.25 trillion in trapped Bitcoin liquidity through its secure, yield-bearing BTC staking solutions. As one of the top five Bitcoin scaling chains, Core has made significant impacts with over 19 million unique addresses, 260,000 daily transactions in June, and more than 4,800 BTC staked. Furthermore, Core has over 100 Dapps live on its platform, with over 70,000 daily active users, solidifying its top 5 position as of July 3rd according to DeFi Llama.

Core is focused on unlocking EMV-Compatible BTCfi, beginning with the first-ever implementation of Non-Custodial BTC Staking and the world's first yield-bearing BTC ETP. Approximately 55% of Bitcoin mining hash power contributes to the Core network's security, with over 3,800 BTC natively staked. This has led to a substantial community of 2.3 million Twitter followers and 267,000 Discord members, translating into millions of Core adopters.

This partnership between Copper and Core is poised to play a significant role in the future of institutional Bitcoin investment, providing a secure and efficient means for institutions to engage in BTC staking and unlock Bitcoin liquidity.