Applications and Use Cases

State Street Digital, Copper.co Sign Agreement for Digital Custody Offering


March 15, 2022

State Street Digital, the digital division of financial services company State Street Corporation, announced a new licensing agreement with London-based digital asset custody and trading solution company, Copper.co

As part of the agreement, State Street Digital intends to utilize Copper.co technology to provide customers with a digital custody offering for securely storing and settling digital assets.

 “State Street Digital’s mission continues to focus on putting the right tools in place so we can provide clients with solutions to support their traditional, as well as digital assets needs.” commented Nadine Chakar, Head of State Street Digital. “Today’s exciting announcement will only enhance our ambition to deliver to our clients an amazing digital experience. We look forward to collaborating with the team at Copper as State Street Digital continues to grow.”

With digital currencies becoming more popular by the day, institutions are attempting to join the revolution and embrace a new age of finance. However, the complexity of owning and managing  digital assets can be a daunting task for new users. Copper.co is known for providing institutions with a simplified entry into the space, offering investors custody, trading, and settlement solutions for 450 crypto-assets and over 40 exchanges.

The company’s expertise and tech development in this area made Copper.co an ideal collaborator for this upcoming digital custody offering. 

“That State Street, one of the world’s largest custodians, is creating a new digital asset service is a hugely important development for institutional engagement in this new asset class,” said Sabrina Wilson, COO, Copper.co. “We are proud to be part of State Street’s goal to lead the way in the transformation of financial infrastructure.”

The offering is subject to regulatory approval prior to its release.

Interested in learning more about blockchain technology? Be sure to visit The Blockchain Event In Fort Lauderdale, Florida from June 21-24, 2022 to hear from industry experts about the future potential of this new technological frontier.




Edited by Maurice Nagle

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