Copper, an institutional digital asset custodian that serves several large exchanges, is increasing its support for the Internet Computer Protocol ecosystem.

On July 19, Copper launched support for Chain-key BTC (ckBTC), a Bitcoin token that facilitates bridgeless transfers between the Internet Computer Protocol and the Bitcoin network.

The ckBTC integration is enabled by Copper, providing clients with access to the Internet Computer’s Service Nervous System (SNS) and the IC Request for Comments (ICRC) token standard. SNS enables token holders to participate in on-chain governance, while ICRC supports the creation of fungible and non-fungible tokens on the IC.

Paul Meesuen, Vice President of Partnerships at the DFINITY Foundation, said: “Copper’s support for the IC’s ICRC token standard is a big win for ecosystem participants such as market makers, traders, and crypto funds, which will increase liquidity, accessibility, and institutional adoption, benefiting all projects building tokenized business models on ICP.”

The launch builds on Copper’s previous partnership with the DFINITY Foundation, a major contributor to the Internet Computer Protocol, which enabled Copper clients to custody and stake ICP tokens.

Copper provides custody services to several popular centralized exchanges, including Bybit, Derebit, BitMEX, and Bitfinex, and as a result, these platforms can now support the Internet Computer’s Chain-key, ICRC, and SNS tokens.

According to CoinGecko, the price of ICP has increased by 33% in the past seven days.

Cross-chain interoperability

Currently, the Internet Computer is increasingly seeking to position itself as a service that provides cross-chain practical infrastructure.

IC describes its ChainKey token as being able to interoperate directly with Bitcoin, Ethereum Virtual Machine (EVM)-compatible networks, and the upcoming Solana, and the project emphasizes that ICP smart contracts can also read and write to different chains, enabling developers to write smart contracts that interact across multiple networks.

Copper said it also plans to integrate support for ckETH and ckUSD (chain-key tokens representing Ethereum and USD Coin) in the future.

In April, Omnity, a “full-chain interoperability protocol” based on the Internet Computer, integrated support for Runes, a popular fungible token standard on Bitcoin. Omnity claims to be the first protocol to launch cross-chain capabilities for Runes.

#Copper #ICP生态 #DFINITY

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