Copper provides secure custody for OXY and MAPS tokens

By Joy Dumasia

Copper.co, a leading provider of digital asset custody and trading solutions, announced that it now provides custody for OXY and MAPS, the tokens powering the Oxygen and Maps.me ecosystems.

Oxygen and Maps.me are built on the growing and liquid Serum ecosystem, which leverages an on-chain order book for decentralised trading and matches borrowers and lenders. The fast and low-cost Solana blockchain powers serum itself.

Custody of OXY and MAPS on the Copper platform will support investment in these DeFi projects from institutional investors, who require the highest level of security for the custody of their digital assets.

Dmitry Tokarev, CEO, Copper, said: “We’re delighted to be supporting the development of the Oxygen and Maps.me ecosystems and the growth of investment in DeFi with our agile and secure custody. There is great potential for us to extend our partnership – for example, by looking at how we could connect our institutional clients with Oxygen’s alternative market infrastructure – and we will continue to explore how we can work together further.”

Alex Grebnev, Co-Founder of Oxygen and Maps.me, commented: “Working with Copper reflects the continuing commitment of the Oxygen and Maps.me ecosystems to integrate with the broader digital asset landscape, as well as to become more accessible to mainstream institutional investors. Providing liquidity and safe storage for new and existing investors will continue to be a critical part of the roadmap for developing the Oxygen and Maps.me ecosystems, which aim to build alternative market infrastructure for DeFi and drive its mass adoption.”

Recently, IBS Intelligence reported that London-based digital asset infrastructure provider Copper today announced the close of a $50 million Series B funding round. The investment round was co-led by B2B software investor Dawn Capital and Target Global, who led Copper’s Series A round.