London-based institutional custody and prime brokerage firm, Copper.co, today announces its partnership with the first U.S. prime dealer, SFOX.
The integration will allow Copper’s institutional clients instant and secure access to SFOX’s best price execution platform and global liquidity. While SFOX’s clients will benefit from the secure custody and settlement architecture pioneered by Copper’s Walled Garden.
SFOX facilitates best price execution through its global integrated order book of exchanges and OTC liquidity providers via a single point of access, replacing the need to manage multiple exchange accounts and API keys. Their consolidated order book provides clients with improved capital efficiency and price discovery for crypto trading.
Copper uses a combination of blockchain agnostic multi-sig wallets and multi-party computation (MPC) to provide industry-leading private key management.
This news follows announcements last week that Copper.co has completed a Series A funding round enabling expansion across North America and APAC. As well, SFOX announced further partnerships including with London-based market makers B2C2 for improved transparency and liquidity in OTC markets.
Dmitry Tokarev, CEO and Founder of Copper.co, has commented: “SFOX are a force within institutional crypto-asset trading. They are known for their deep liquidity, with low slippage, solid technology, and having been in the crypto-assets ecosystem since the early days.
“We are delighted to be working with them, providing a crucial and complimentary service to our shared clients.”
Danny Kim, Head of Growth at SFOX, has commented: “We are excited to partner and work with one of the fastest growing institutional digital asset custodians in Europe. They’ve built a great technology for safeguarding digital assets and we look forward to working with them more closely in delivering the needs of institutional investors for crypto. ”
“With Copper’s award-winning infrastructure couple with SFOX’s liquidity, our partnership offers institutional investors a full-stack solution for crypto.”