Copper, a company specializing in digital asset custody and collateral management, has announced initiatives aimed at advancing the adoption of Tokenized Money-Market Funds. This announcement reflects Copper’s strategy to expand its role in digital finance, supported by its secure custody technology and new industry partnerships.
Expanding Access to Tokenized Money-Market Funds
Tokenized Money-Market Funds represent digital versions of traditional money-market funds, offering investors access to liquid, interest-generating assets. Copper now allows clients to securely hold and trade these tokens using its institutional-grade custody system, based on multi-party computation (MPC) technology. These tokens can also be used as collateral in derivatives trades, a feature supported by regulatory approvals in the Abu Dhabi Global Market.
Collaborations with Industry Leaders
Copper’s initiative is supported by partnerships with Securitize, Franklin Templeton, Ondo, and Hashnote. Collectively, these organizations manage approximately $1.7 billion in tokenized assets. Copper aims to enhance the infrastructure supporting Tokenized Money-Market Funds, which now account for over $2 billion in assets across more than 30 products globally.
These partnerships align with broader trends in tokenization. Major asset managers like Fidelity International and UBC Asset Management have recently launched tokenized fund products, reflecting growing institutional interest in blockchain-based solutions.
Leadership and Strategic Vision
The announcement follows the appointment of Amar Kuchinad as Copper’s Global CEO. Kuchinad emphasized the importance of robust infrastructure in supporting the growth of tokenized financial products. He highlighted the role of Copper’s custody and trading systems, combined with partnerships, in advancing its objectives.
Copper’s focus on Tokenized Money-Market Funds is part of its broader strategy to expand its footprint in regulated financial markets and support the evolution of digital asset ecosystems.
About Copper.co
Founded in 2018, Copper provides technology and services for digital asset custody, trading, and collateral management. The company’s ClearLoop system enables efficient trade settlement and collateral management across multiple exchanges.
Image by Cashino NDT from Pixabay
Read other stories: BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains
Tokenized Funds: The Third Revolution in Asset Management Decoded