Hedera Collaborates with Copper to Open Doors for Institutions: How the New Partnership Will Enhance HBAR Access and DeFi Capabilities

• HBAR Foundation has formed a new alliance with Copper to drive institutional access to Hedera.
• The Hedera ecosystem has grown over the past year with functional partnerships.

The HBAR Foundation has partnered with Copper, a top institutional digital asset infrastructure service provider. The partnership is designed to accelerate the institutional adoption of the Hedera.

Hedera is a Proof-of-Stake (PoS) protocol designed for mass adoption with notable advances in powering retail transactions. The partnership with Copper will help it double down on reaching more institutional investors with its DeFi capabilities.

Benefits of the Hedera and Copper Partnership

As announced, the HBAR Foundation and Copper linkup will see the latter offer crypto custody services for Hedera’s HBAR token. Beyond this, it will also provide support for Hedera via Staking.

Copper clients can now stake their HBAR to any validator of their choosing. Through Copper’s MPC Wallet infrastructure, API, and Copper Connect, institutional investors can perform a wide range of DeFi transactions. Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, states:

With Copper’s integration, institutional investors can now enter the Hedera ecosystem with greater ease and confidence. We’re proud to partner with Copper and leverage its technology and security measures to bring advanced features to the Hedera Network,

Beyond the custodial service and staking, Copper clients can also conduct advanced trading via ClearLoop. It is worth noting that the accessible token is beyond HBAR. All digital currencies within the ecosystem that adhere to the Hedera Token Service (HTS) can also be staked and traded.

The potential adoption of HBAR by Copper’s institutional clients may contribute to the longer-term growth of HBAR’s price. At the time of writing, the coin is changing hands for $0.05387, up by 3.10% in 24 hours per data from Marketcap.

The Growing HBAR Foundation Alliances

While the Copper partnership is the latest within the Hederal ecosystem, the protocol is generally known for its high-profile alliances in the industry. To truly accommodate the massive integrations it has recorded this year, the PoS protocol had a major scalability breakthrough to encourage innovation in its ecosystem.

As previously mentioned in our report, Fresh Supply Co. moved from Mastercard to Hedera last month for Real-World Asset (RWA) tokenization in Agrifood. The Hedera platform’s scalability fueled this move and is helping to expand the protocol’s real-world application.

Earlier this year, FCA-regulated broker Archax also partnered with the HBAR Foundation. This Archax and HBAR partnership saw the tokenization of the BlackRock ICS US Treasury Money Market Fund (MMF) shares on Hedera. 

Over the past few years, Hedera has grown its influence in the tokenization world with strong TradFi onboarding plans, as reported earlier by CNF. From the Nordic Blockchain Association to the tokenized access to ABRDN’s MMFs, the HBAR Foundation has maintained a very healthy ecosystem growth over the past year.