The HBAR Foundation Partners With Copper to Accelerate Institutional Adoption of Hedera

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.

The HBAR Foundation has joined forces with Copper, a leading provider of institutional digital asset infrastructure services, in a move that will bolster the institutional adoption of Hedera.

As a Proof-of-Stake (PoS) protocol designed for mass adoption, Hedera has made significant strides in powering retail transactions. This partnership will enable Hedera to double down on reaching more institutional investors with its decentralized finance (DeFi) capabilities.

Benefits of the Hedera and Copper PartnershipAs part of this collaboration, Copper will now offer crypto custody services for Hedera's HBAR token and provide support for Hedera Staking.

Copper clients will be able to stake their HBAR to any validator of their choice. Additionally, thanks to Copper’s MPC Wallet infrastructure, API, and Copper Connect, institutional investors will be able to perform a wide range of DeFi transactions.

According to Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, this partnership will contribute to the broader adoption of HBAR by institutional investors.

“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,” said Higdon.

Beyond offering custodial services and staking, Copper clients will also be able to conduct advanced trading via ClearLoop.

It is also important to note that the accessible token is not limited to 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 as reported by data from Marketcap.

The Growing HBAR Foundation AlliancesThis latest partnership comes as part of a broader effort by the Hedera ecosystem to expand its footprint in the digital asset industry.

To fully accommodate the massive integrations that have been realized this year, the PoS protocol recently achieved a major scalability breakthrough to spur innovation within its ecosystem.

As reported by our team last month, Fresh Supply Co. is migrating from Mastercard to Hedera for the Real-World Asset (RWA) tokenization in Agrifood.

The scalability of the Hedera platform is fueling this move and is helping to expand the real-world application of the protocol.

Earlier this year, FCA-regulated broker Archax also joined forces with the HBAR Foundation. This 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 presence in the tokenization space 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.

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