London, United Kingdom, June 26, 2024, Chainwire
Integration with Sui includes custody support for L1 and L2, integrated staking support and DeFi connectivity., a leader in digital asset custody, collateral management and premium services, is pleased to announce its latest integration with Sui, a platform of smart contracts and high-performance layer 1 blockchain. The strategic partnership will enable robust custody infrastructure support for stablecoin and real-world asset (RWA) issuers on Sui, such as Ondo (USDY), marking a significant step forward in connecting institutional finance to opportunities in chain in the Sui network.
With Copper on board, the Sui ecosystem has now built the additional foundational infrastructure needed to enable institutional players to leverage Sui's industry-leading decentralized technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens.
“This strategic partnership, which integrates Copper's enterprise-grade custody tools, exemplifies the continued maturation of the Sui ecosystem into a platform capable of supporting the increased infrastructure needs of Sui builders and institutional users,” said Greg Siourunis, director general of the Sui Foundation. “We are really excited about the number and diversity of new projects and assets this partnership will enable for both the Copper and Sui ecosystems.”
The first phase of support, covering SUI and the native Sui tokens, is now complete, making Copper a custodian of these assets. The immediate availability of Copper's infrastructure at Sui means it is ready to meet the needs of today's large institutional traders and market makers. More staking and DeFi features are in development and will be integrated soon, significantly expanding the functionality of Copper's offerings on Sui.
“We are excited to be part of the SUI ecosystem with Copper as custodian,” said Dmitry Tokarev, CEO of Copper. “With staking and DeFi features currently in development, we look forward to the evolution of this partnership.”
ContactSui Foundation[email protected]
This article was originally published on Chainwire.
