Thursday, 24th October 2024 – Copper, a leader in digital asset custody, collateral management, and prime services, proudly announces the launch of its new tri-party collateral management solution for over-the-counter (OTC) derivatives, initially in partnership with DV Chain International’s structured products desk, Centaur Markets. This advanced solution leverages Copper’s proven expertise in secure custody and streamlined collateral workflows to support the expansion of clients’ OTC derivatives trading via Centaur Markets.
Copper has established itself as a trusted partner to many of the industry’s largest derivatives liquidity providers, consistently delivering innovative solutions that improve both capital efficiency and operational performance. Since the start of 2024, ClearLoop is processing a monthly average of 20 million trades with a notional value of $100bn. Building on the success of ClearLoop, this tri-party solution enables counterparties to secure collateral and liquidity providers, such as DV Chain International, to hedge their positions seamlessly, all without moving assets outside the Copper ecosystem.
Key Features and Benefits of Copper’s Tri-Party Collateral Management Solution:
- Security: Safeguard collateral within segregated Collateral Vaults, secured by Copper’s institutional-grade MPC custody technology.
- Visibility: Real-time transparency into Collateral Vaults for all participants, ensuring enhanced monitoring and risk management.
- Efficiency: Copper’s 24/7 Middle Office team approves and counter-signs collateral movements with a rapid 15-minute SLA once relevant permissions are in place.
- Token Support: Manage collateral using over 550 digital assets to meet a wide variety of trading and liquidity needs.
Anestis Arampatzis, Trader at DV Chain International, Centaur Markets Desk commented: “We are excited to partner with Copper on this innovative tri-party solution, which redefines risk management and collateral security, driving greater efficiency and stability in the derivatives market.”
Ross Budgen, Client Solutions Director at Copper, commented: “DV Chain International have been a longstanding client and partner. Together, we are bringing a cutting-edge solution to the market, which empowers their counterparties to access bespoke derivatives structures in a way which prioritises risk management and efficiency.”
Tri-party collateral management solution services are only available in approved jurisdictions, subject to local regulation.
