Digital Asset, the creator of the Canton Network, has integrated CoinCover as a Trusted Third Party (TTP) within its Copper-based treasury infrastructure. The move is designed to reinforce operational resilience and ensure the recoverability of digital assets, setting a new benchmark for institutional standards in the blockchain space.
By embedding CoinCover’s recovery technology directly into its internal custody operations, Digital Asset has established a secure and verifiable disaster recovery framework. This ensures that treasury keys and digital assets can be recovered in critical scenarios such as compromise, loss of access, or significant personnel changes. The initiative aligns with the Canton Network’s foundational principles of distributed trust and regulated interoperability.
Embedding “recovery by design”
As institutional adoption of digital assets accelerates, the need for robust governance and safety nets has become paramount. The integration of an independent recovery authority like CoinCover addresses this by providing third-party assurance—a feature increasingly expected by regulators and institutional stakeholders.
“As we continue to scale the Canton Network, it’s vital that our own treasury reflects the same principles of security, governance, and recoverability that we advocate for our ecosystem,” said Eric Saraniecki, co-founder and head of network strategy at Digital Asset. “By incorporating CoinCover as a trusted third party within our Copper treasury setup, we’re ensuring our treasury resilience aligns with the highest institutional standards.”
This partnership highlights a practical implementation of best practices in operational risk management. It demonstrates how secure infrastructure can coexist with recovery governance within a decentralised financial framework, offering a model for other participants in the digital asset economy.
Setting a precedent for the Canton Network
The collaboration involves three key players in the institutional digital asset space: Digital Asset, the technology provider; Copper, the custodian; and CoinCover, the recovery specialist.
Amar Kuchinad, chief executive officer of Copper, commented: “By working with CoinCover and Digital Asset, we’re strengthening the ecosystem for institutions, ensuring secure, innovative treasury operations that meet the highest standards for safeguarding digital assets.”
For CoinCover, the deal reinforces its position as a go-to recovery solution in regulated digital finance.
“Digital Asset’s adoption of CoinCover’s recovery framework is a powerful validation of the importance of operational resilience in institutional digital asset management,” said Anthony Yeung, chief commercial officer at CoinCover. “This sets a precedent for institutions operating on the Canton Network and beyond to integrate recovery by design into their digital asset strategies.”
The Canton Network is a privacy-enabled interoperable blockchain network designed for institutional finance. It allows regulated financial institutions to synchronise data and settle assets across different applications while maintaining privacy and control. By fortifying its own treasury with independent recovery mechanisms, Digital Asset is signaling to the market that safety and recoverability are non-negotiable components of future financial infrastructure.
