Copper, a leading institutional-focused digital asset custody provider, has revealed the details of its most recent asset range expansion. Why is this step critical to the widespread adoption of Songbird and SGB?
Songbird (SGB) tokens are now available on the Copper platform.
According to an official announcement shared by the Copper team on its Twitter account, it has significantly expanded the suite of assets available for custody and transfer.
This brings the total number of supported assets to an industry leading 350+.😮🙌🏽 pic.twitter.com/KSpMR7vqI8
— Copper (@CopperHQ) October 8, 2021
Copper added 61 Ethereum-based ERC-20 tokens, 25 Binance Smart Chain (BSC) tokens, core native assets of Solana’s platform Mango Markets, and SGB, Songbird’s utility and governance token.
Songbird is a “canary network” of the much-anticipated blockchain Flare protocol (FLR). This Turing-complete EVM-compatible smart contracts environment will be available in the coming months.
As a result, Copper becomes the first institution-centric service to incorporate SGB tokens.
SGB adoption is gaining traction.
Copper, as previously reported by ULTCOIN365, provides custody services for hundreds of cryptocurrencies. The most recent expansion raises this figure to 350 tokens.
Songbird’s token, SGB, is gradually being integrated by various services.
SGB token deposits were enabled by XRP-friendly cryptocurrency exchange Bitrue shortly after its airdrop to Flare (BTR).