Wyden, a specialist in institutional trading technology for digital assets, has integrated institutional digital assets solutions provider Copper’s secure custody infrastructure and ClearLoop trading network into its platform.
As a result, Wyden says its clients have gained seamless access to safe storage and enhanced collateral management and the firm is now able to offer trading on centralised exchanges such as OKX, Bybit and Deribit without funds leaving Copper’s secure MPC (multi-party computation) wallet.
Wyden says the integration improves operational efficiency, mitigates counterparty risk, and enhances capital efficiency for its institutional buy- and sell-side clients, enabling them to more easily and cost effectively scale their digital asset strategy, while minimising risk.
ClearLoop’s new trust structure also adds another layer of risk mitigation for its users. The legal framework is designed to protect all participants and their digital assets in the event of an insolvency of any of their trading counterparties or custody provider.
