February 20, 2024
Rand partners with Copper to insure digital assets
Rand Improves the security of their accounts through a partnership with Copper and an insurance of up to $500M.

In the fast-evolving world of financial technology companies, security and trust are paramount. As part of our commitment to providing a secure environment for our users, we are thrilled to announce our partnership with Copper and the integration of their revolutionary ClearLoop service. This collaboration not only enhances the overall safety of Rand user's accounts but also introduces a new layer of protection through comprehensive insurance coverage.

Copper.co, leading provider of institutional digital asset custody and trading solutions, has $500m of insurance for digital assets in cold storage. Cover has been arranged by global professional services firm Aon, using a panel of insurers led by Canopius, a global specialty (re)insurer and Lloyd’s of London syndicate. This follows on from a rigorous assessment of Copper’s risk management protocols.

The coverage provided by Copper.co's cold storage insurance policy is $500 million for digital assets held in hard drives. This insurance covers employee collusion, third-party theft, and physical loss or damage to the digital assets. Therefore, the $500 million insurance coverage is available to safeguard the digital assets for Copper.co's clients such as Rand, providing an extra level of security and reassurance.

All Rand users benefit from Copper.co's insurance coverage in several ways:

  • With insurance coverage. The existence of a $500 million insurance policy provides an extra layer of protection and peace of mind for Rand users accounts. This means that in the event of employee collusion, third-party theft, or physical damage to digital assets, there are financial resources available to compensate for losses.
  • With Institutional-grade security measures. With Rand’s users funds stored inside the Copper platform, we have been able to upgrade our security measures. Copper employs top-tier security protocols and institutional-grade security measures, ensuring that your assets are protected by state-of-the-art technology.
  • With stronger protection for your funds. We significantly strengthened the infrastructure of our platform. The implementation of these measures not only shields against external threats but also enhances the resilience of our platform against possible contingencies. This means that in adverse situations or unexpected events, the likelihood of fund loss is dramatically reduced, providing greater peace of mind for all our users.

Remember that while ClearLoop offers comprehensive coverage, it's essential to remember the importance of personal responsibility in implementing security measures, such as maintaining strong passwords and enabling two-factor authentication.

Our partnership with Copper and the integration of ClearLoop represent a significant stride in fortifying the security of your digital assets. Together, we strive to build a safer and more secure future for your savings.