Copper's Exclusive Custody Services Tailored for Tokenized Money Market Funds like BUIDL
BUIDL initiatives are making waves as Copper launches exclusive custody services for tokenized money market funds, including those from major players like BlackRock. This advancement allows clients to engage with money market fund tokens as collateral in derivatives trades. After receiving a nod from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, Copper stands at the forefront of the crypto custody landscape, meeting the needs of institutional investors.
Implications for Crypto Custody
Copper’s introduction of custody services for tokenized assets marks a pivotal move in the financial sector, particularly for crypto custodians. With institutions increasingly leaning into crypto, Copper’s offerings position it as a key player amongst competitors.
Client Benefits
- Access to diversified crypto assets
- Improved security for fund tokens
- Streamlined collateral management
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