Core Foundation and Copper Forge Strategic Partnership for Institutional Digital Asset Custody and Staking

The Core Foundation, contributors to Core, a Bitcoin-powered blockchain, has announced a strategic partnership with Copper, a leader in digital asset custody and prime services. This collaboration aims to provide institutional-grade support for the CORE token and staking activities, marking a significant step towards expanding Non-Custodial BTC Staking in the institutional market.

Copper, founded in 2018, has established itself as a pioneer in institutional digital asset infrastructure, focusing on custody and collateral management. The company's ClearLoop technology allows clients to manage collateral and settle trades across multiple exchanges while reducing counterparty risk and improving capital efficiency. With this partnership, Copper's infrastructure will now support the CORE token and enable Bitcoin and CORE staking directly from custodial accounts, further enhancing security for institutional investors.

Rich Rines, Initial Contributor to Core, emphasized the importance of this partnership, stating, "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."

Dmitry Tokarev, CEO at Copper.co, highlighted the partnership's role in fostering institutional trust and accessibility in the digital asset space. The collaboration is expected to contribute to the broader growth of secure connectivity in the cryptocurrency ecosystem.

Core's innovative approach to unlocking Bitcoin liquidity has positioned it as a dominant force in the BTCfi sector. The blockchain has achieved remarkable milestones, including over 19 million unique addresses, more than 260,000 daily transactions in June, and over 4,800 BTC staked. Additionally, Core has attracted approximately 55% of Bitcoin hash power, solidifying its position as one of the top five Bitcoin scaling chains.

The partnership between Core and Copper comes at a time when institutional interest in cryptocurrency investments is growing. By offering secure and efficient staking solutions, the collaboration addresses the need for professional-grade infrastructure in the digital asset space. This development could potentially accelerate the adoption of Bitcoin-based financial products among institutional investors, further legitimizing the cryptocurrency market.

Core's impressive growth metrics underscore the potential impact of this partnership. With over 70,000 daily active users and 100 decentralized applications (Dapps) live on its network, Core has established itself as a major player in the decentralized finance (DeFi) ecosystem. The integration with Copper's custody solutions is likely to enhance Core's appeal to institutional investors seeking secure exposure to Bitcoin-based yield opportunities.

As the first blockchain to implement Non-Custodial BTC Staking and introduce the world's first yield-bearing BTC ETP (Exchange-Traded Product), Core is at the forefront of innovation in the BTCfi space. The partnership with Copper reinforces Core's commitment to providing institutional-grade solutions and could pave the way for increased institutional participation in Bitcoin staking and related financial products.

This strategic alliance between Core and Copper represents a significant development in the institutional cryptocurrency market. By combining Core's innovative BTCfi solutions with Copper's robust custody and prime services infrastructure, the partnership has the potential to bridge the gap between traditional finance and the emerging world of Bitcoin-based financial products, potentially reshaping the landscape of institutional cryptocurrency investments.