holoride integrates custodial service provider Copper into its ecosystem

German in-car entertainment tech startup holoride today announced a custody partnership with Copper.co, a pioneering digital assets custody and settlement provider. Copper provides custody, trading, and portfolio management solutions to institutional investors across over 45 exchanges and 500 crypto-assets.

After holoride’s successful completion of the Q2 roadmap, including the listing of its token RIDE on two further exchanges, the partnership with Copper is the next step in making the use of RIDE even more appealing for institutional partners. RIDE is holoride’s utility token, which will supercharge its in-car experience ecosystem and will make for a more immediate and efficient value creation-distribution loop. What is more, RIDE is also known as the world’s first mobility experience token and thus, tailored for brand-agnostic, customizable transportation use cases.

Through the collaboration, Copper and holoride will create the opportunity for institutional players, such as VC funds, car manufacturers, content creators or media companies to both safeguard and manage their RIDE assets in a customer-friendly, secure, and compliant way- without compromising on control.

commented Marcos Benitez, Business Development Director at Copper.

Copper’s expertise in multi-party computation (MPC) technology, to boost key management and take transaction security to the next level, has won them multiple awards.

Multi-party computation (MPC) is a cryptographic tool which enables two or more independent parties to collectively compute a function such as signing transactions, in order to provide maximum security. Instead of creating a master private key and storing it on a single device with a high risk of being hacked, MPC distributes multiple shards of a key among devices of participating parties.

Nils Wollny, CEO and co-founder of holoride, added. “We are excited about our partnership with Copper and their state-of-the-art approach as a digital asset custodian and being the #1 platform for institutional asset management. We feel encouraged in our endeavor to change in-car experiences with such a strong partner and expert in the digital assets space.”

Copper’s next generation crypto infrastructure allows for institutions to store digital assets with the highest security and compliance standards. The partnership between holoride and Copper thus marks an important milestone in driving mass-adoption of RIDE through leading automotive and media brands.

About Copper.co

Founded in 2018, Copper provides a gateway into the crypto asset space for institutional investors by offering custody, prime brokerage, and settlements across 500 digital assets and more than 45 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing cryptoasset space, while enabling far greater transparency and control for asset managers.

Copper’s fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies.

At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks. Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the cryptoasset space since launching in May 2020.

For more information, please visit: www.copper.co

About holoride

holoride creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real time.

These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time. holoride technology provides a new type of immersion into any kind of VR content, creating a breathtaking, immersive experience, and significantly reducing motion sickness. The tech startup was founded at the end of 2018 in Munich, Germany by Nils Wollny, Marcus Kuehne, Daniel Profendiner and Audi, who holds a minority stake in the startup.

In April 2021, holoride raised €10 million in its Series A funding round led by Terranet AB, earning the company a €30 million valuation. That same year, ​​holoride won the prestigious SXSW Pitch and was also named Best in Show. It has been hailed “Best of CES 2019” four times, recognized as one of the “100 Best Inventions of 2019” by TIME Magazine and is part of the global innovation platform “STARTUP AUTOBAHN powered by Plug and Play”.