The collaboration between Copper and Sui aims to expand comprehensive institutional accessibility within the blockchain landscape.
London, UK, June 26th, 2024, Chainwire
The partnership with Sui includes features like custody support for Layer 1 and Layer 2 assets, integrated staking options, and connections to decentralized finance.
Copper, a pioneer in digital asset management and custody services, is thrilled to unveil its latest collaboration with Sui, a cutting-edge Layer 1 blockchain and smart contract platform. This alliance will strengthen the custody framework for stablecoins and Real-World Asset (RWA) issuers on Sui, such as Ondo (USDY), signifying a substantial leap in bridging traditional finance with blockchain innovation on the Sui Network.
With Copper joining the team, the Sui ecosystem is now better equipped with essential infrastructure that empowers institutional entities to take full advantage of Sui's top-tier decentralized technology, fulfilling the demand for effective treasury solutions for their tokens.
"This strategic collaboration, featuring Copper’s enterprise-grade custody solutions, highlights the ongoing evolution of the Sui ecosystem into a platform well-suited to meet the advanced infrastructure requirements of its institutional developers and users,\" remarked Greg Siourounis, Managing Director of the Sui Foundation. \"We are genuinely enthusiastic about the variety and number of new projects and assets this partnership will enable within both the Copper and Sui communities.\"
The initial phase of support for SUI and the native Sui-tokens has been successfully completed, establishing Copper as the custodian for these assets. This means that Copper's infrastructure is now operational on Sui, ready to cater to the needs of major institutional traders and market makers right away. More features related to staking and DeFi are in the pipeline, aimed at significantly broadening Copper’s service offerings on Sui.
"We are thrilled to integrate with the SUI ecosystem through Copper's custodial services,\" said Dmitry Tokarev, CEO of Copper. \"With staking and DeFi functionalities currently underway, we eagerly anticipate the evolution of this collaboration.\"
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Sui Foundation
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