Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock's BUIDL

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Will Canny is a finance reporter at CoinDesk.

The crypto custodian recently received regulatory approvals from the Financial Services Regulatory Authority in Abu Dhabi.'High Likelihood' Cardano Founder Charles Hoskinson Will Become Trump's Crypto Advisor

Copper clients can also use tokenized money market funds as collateral in derivatives trades, after the crypto custodian received regulatory approvals from the Financial Services Regulatory Authority in Abu Dhabi, the London-based company said. Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the representation of real-world assets on blockchains, allowing them to be traded as tokens on networks such as Ethereum, Stellar, Solana and Mantle. Digital asset firms and TradFi heavyweights have been racing to put financial instruments such as government bonds, private credit and money market funds on blockchain rails, to achieve operational efficiencies and faster settlements.

 

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