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Copper.co launches secure cryptocurrency custody for institutional investors

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Copper.co, a crypto portfolio management platform for institutional investors, has launched what it says is the industry’s first server-less (offline) co-sign custody solution, Copper Unlimited.

Requiring multiple nominated key holders to verify transactions, Copper Unlimited aims to make transactions safer, more accountable, and less prone to human error.
 
Dmitry Tokarev, CEO, copper.co, says: “Finally, the cryptocurrency market is a viable opportunity for institutional investors. Copper Unlimited removes the security risk you get from key management systems that operate with a single point of failure, which is fundamentally what prevents serious investors from growing a portfolio of digital assets. Built on the same protocols used by the National Security Agency to encrypt their communications, Copper now offers the most secure storage environment on the market.”
 
To move digital assets out of a Copper Platform account, users will require two of their three nominated key holders to approve the transaction. Offline co-signing is enabled using an encrypted copper key file. With multiple users required to complete a withdrawal, Copper Unlimited uses advanced server-less encryption technology to remove the inherent risk associated with online sharding, private key re-configuration, and private key management. 
  
At launch, Copper Unlimited will secure the five largest cryptocurrencies by market cap. In the months to follow, new assets will be added at a rate of four per month, and on an ad-hoc client request basis to meet demand. Beta testing is in place until the end of August.
 
Copper Unlimited works exclusively through the Copper Platform.

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