Elrond Network, the development creators of the eponymous blockchain internet-scale protocol. Stated that the technology it produces had been incorporated into the Elrond blockchain digital asset infrastructure and business solutions provider Copper.co. Thus providing custody services for EGLD digital currency.
EGLD is the Elrond Network’s native, capped supply and settlement token. Furthermore, this currency is utilized for transaction fees. Also, Elrond consensus layer staking, decentralized financial products (DeFi), tokenized assets, and non-fungible tokens (NFTs).
Beniamin Mincu, Elrond Network CEO stated:
“Best in class digital asset custody services are essential for making the rapidly expanding Elrond ecosystem accessible to more institutional actors, markets, and geographies. With Copper as a robust custodian for assets on the Elrond Network, a new growth chapter is ready to begin for the internet-scale blockchain.”
Thus, the collaboration of two partners will benefit institutional players, managers, exchanges, trading channels, and other market participants. Enabling them to get safe, secure, and compliant access to high-performance, low-cost, carbon-negative, blockchain-based Elrond Network capabilities and the EGLD, the underlying digital currency.
Reinforcement For Copper.co After the New Connection
Copper.co, the provider of digital asset custody and trade solutions, revealed to offer stake services on the Oasis ROSE token.
Copper’s custody solution is one of the tiny cohorts of MPC technology users. Furthermore, it integrated a total of 250 digital assets. After Copper.co, added EGLD. The Elrond (EGLD) price today reached an all-time high of $291.52 USD. With a 24-hour trading volume of $567,746,435 USD as per CoinMarketCap.
Copper also has 40 large centralized exchanges. Moreover, more than 300 institutional asset managers trust them. EGLD is the backbone of the tokenomics of the Elrond Network. The new connection with Elrond Networks would further reinforce the Walled Garden of Copper.co. Which infact already accounts for 96% of the crypto market.
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