DeFi
Copper & Sui partner to develop comprehensive institutional accessibility
Press releases are sponsored content and are not part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be very risky. Never invest unless you are prepared to lose all the money you invest.
London, UK, June 26, 2024, Chainwire
Integration with Sui includes custody support for L1 and L2, built-in staking support, and DeFi connectivity.
Copper, a leader in digital asset custody, collateral management and best-in-class services, is excited to announce its latest integration with Sui, a high-performance Layer 1 blockchain and smart contracts platform. The strategic partnership will enable robust custody infrastructure support for issuers of stablecoins and real-world assets (RWA) on Sui such as Ondo (USDY), marking a significant step forward in connecting institutional finance to opportunities in channel on the Sui network.
With Copper on board, the Sui ecosystem has now built the additional foundational infrastructure necessary to enable institutional players to leverage Sui’s industry-leading decentralized technology platform, fulfilling the need for financial institutions seeking services efficient cash flow for their tokens.
“This strategic partnership, integrating Copper’s enterprise-grade curation tools, illustrates the continued maturation of the Sui ecosystem into a platform capable of supporting the increased infrastructure needs of institutional builders and Sui users,” said Greg Siourounis, executive director of the Sui Foundation. “We are truly excited about the number and diversity of new projects and assets that this partnership will enable in both the copper and Sui ecosystems. »
The first phase of support, encompassing SUI and native Sui tokens, is now complete, making Copper the custodian of these assets. The immediate availability of Copper’s infrastructure on Sui means it is ready to meet the needs of today’s large institutional traders and market makers. Additional 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 our custodian,” commented Dmitry Tokarev, CEO of Copper. “With staking and DeFi features currently in development, we look forward to the evolution of this partnership.”
Contact
Sui Foundation
[email protected]