BitGo and Copper will allow institutional clients to trade on global exchanges while leaving their assets in regulated, off-exchange custody, the companies said in announcing a new partnership on Friday.

The announcement comes a day after Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, was found guilty of seven counts related to the misappropriation of client funds.

The new partnership, aimed at users outside the U.S. for regulatory reasons, combines BitGo’s real-time custody and settlement platform Go Network with Copper’s ClearLoop, an off-exchange settlement solution.

International institutional traders will be able to access leading global exchanges like Bybit, OKX, Powertrade, and more, all while keeping their assets off-exchange in a regulated custody environment.

The structure aims to provide clients with enhanced security, diversified counterparty risk and improved liquidity.

“With these settlement networks, we’re finally able to settle assets safely and securely without direct exposure to exchanges. With BitGo joining the ClearLoop network, BitGo’s users’ funds never leave its regulated custody,” said Mike Belshe, BitGo CEO, in the press release.

Founded in 2013, Silicon Valley-based BitGo is a qualified custodian in the U.S. and earlier this week received a custodial license from German regulator BaFin. On the other hand, London-based Copper closed its enterprise custodial business in March to focus on ClearLoop.