A fund borrowing from Arkis now has its collateral in a single pool custodied at Copper, backing trading on every ClearLoop venue Arkis is connected to.

Through Arkis, the fund allocates from that pool to a venue and trades against it straight away, and can instantly re-delegate that collateral when it needs to, with no delay and no gas fees, because ClearLoop settles off-chain as often as every hour. Capital is never transferred to the venue and thus is never stranded there, so a single Arkis portfolio margin covers multiple venues at once.

Collateral posted directly to an exchange is fully at risk if that exchange fails. Under ClearLoop, assets stay in Copper's custody throughout; a venue failure leaves only unsettled profit and loss between settlement windows at risk. Because the collateral pool is better protected, Arkis can lend more against it.

Copper provides Arkis with real-time visibility into the English Law Trust underpinning ClearLoop as well as the collateral that exchanges post. This enables Arkis to manage risk and exposures around the clock alongside Copper's Financial Risk Team who also constantly monitor exposures.

ClearLoop has built connectivity to OKX, Coinbase, Bybit, Gate, Deribit, Bitget, Bitfinex and Kraken, among others. A fund that wants to trade on a new venue on the ClearLoop network does not arrange custody again or wait on onboarding. Arkis connects to the venue, and the same collateral pool covers it.

"Credit against a portfolio is only as good as the assets behind it. With ClearLoop those assets never sit on an exchange, so onboarding venues to provide new opportunities for our customers does not widen what our lenders are exposed to"

Aleksandr Kopnin, CTO and Co Founder, Arkis

"Prime brokerage depends on knowing exactly where collateral is and what it's exposed to. ClearLoop gives prime brokers certainty in digital assets, assets stay in custody throughout, so adding venues to the network doesn't add risk to the book. Arkis is putting that to work at institutional scale, and it's the direction the whole network is heading"

Adam Groom, Head of EMEA Sales and Exchanges at Copper

You can read a technical account of how master accounts and off-exchange settlement work together in the Arkis risk architecture here. ‘How arkis governs risk off-chain‘

About Arkis

Arkis is an institutional prime broker that margins CeFi, DeFi and TradFi positions as one portfolio, giving funds unified credit, collateral and risk management across the venues they trade. Backed by Spark, Arkis has deployed over $250M in institutional credit with zero bad debt since 2022. Prospective clients can reach the Arkis team at operations@arkis.xyz.

About Copper

Founded in 2018, Copper is shaping the future of markets by building blockchain-based infrastructure that enables institutions to move and deploy capital more efficiently. At the heart of Copper's products is the ClearLoop Network, a blockchain-based collateral mobility platform that connects derivative market participants, providing real-time visibility into pledged margin and automating margin movements between counterparties on a 24/7/365 basis. Copper operates across key global markets through entities with jurisdiction-specific regulatory and registration statuses, including Copper Markets (Switzerland) AG, which holds a VQF registration in Switzerland, Copper Securities (ME) Limited, which holds an FSRA registration, Copper Markets (Liechtenstein) AG, which holds a TVTG registration, and Copper Markets U.S., a registered broker-dealer with the SEC and a FINRA member firm.