UK startup Copper begins offering custody for NFTs to meet institutional demand by Ryan Weeks

05/10 12:52

Crypto custodian Copper has quietly started offering custody solutions for non-fungible tokens (NFTs). A Copper spokesperson told The Block that it launched the product last week, allowing customers to deposit, store and withdraw their NFTs just as they would cryptocurrencies — supported by the London-based startup’s multi-party computation (MPC) technology. Initially, Copper will support ERC-721 and ERC-1155 tokens, they added. Alex Ryvkin, Copper’s chief product officer, said the move was driven by demand from institutional clients.

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