in

Copper.co: Sustainable Bitcoin Protocol Enabling Institutional Access to ESG Investments

Copper, a leading digital asset infrastructure provider, has announced its integration of custody support for the Sustainable Bitcoin Protocol’s (SBP) new asset, the Sustainable Bitcoin Certificate (SBC). This strategic partnership highlights Copper’s ongoing dedication to providing secure and reliable custody services for innovative blockchain projects and protocols, while also promoting sustainability.

The Sustainable Bitcoin Protocol aims to incentivize bitcoin miners to use verified clean energy sources, enabling institutional investors to achieve their Environmental, Social, and Governance (ESG) goals while holding Bitcoin. The protocol achieves this through the SBC, an environmental commodity that can be paired with an investor’s bitcoin holdings, ensuring auditable sustainability claims without compromising the fungibility of bitcoin.

Through this collaboration, Copper clients can now safely custody the SBC, which is an ERC20 token, on the Copper platform alongside their Bitcoin holdings. Unlike traditional carbon credits or Renewable Energy Certificates (RECs) that are retired after use, each Sustainable Bitcoin Certificate represents the permanent embodiment of a Bitcoin’s sustainability.

This development transforms sustainability from being a sunk cost into a valuable asset that can potentially generate additional returns while diversifying Bitcoin portfolios. With the increasing availability of institutional-grade Bitcoin products and funds, the SBC offers a unique advantage as it can appreciate over time and be divested to other investors during portfolio rebalancing.

Dmitry Tokarev, the CEO of Copper.co, expressed his enthusiasm for the partnership, stating that the Sustainable Bitcoin Protocol’s mission aligns perfectly with Copper’s vision. He added, “We are proud to promote sustainability within the Bitcoin ecosystem and offer clients new avenues to expand their ESG investments.”

As the digital asset ecosystem evolves, Copper.co remains at the forefront of providing innovative solutions and services tailored to the specific needs of blockchain projects, crypto exchanges, and institutional investors. The partnership with the Sustainable Bitcoin Protocol reinforces Copper.co’s commitment to supporting projects that align with their vision for a more sustainable and responsible digital asset space.

Follow crowdfundingmagazine on Instagram: @crowdfundingmagazine_it

What do you think?

363 Points
Upvote Downvote

Written by editorial

Leave a Reply

Your email address will not be published. Required fields are marked *

LendingRobot Relaunches Investment Marketplace, Now Offering More than P2P Loans

Stablecoin USDC, Issued by Circle, to Become Native to OP Mainnet, Established as the Official Form of USDC