London, UK, June 26th, 2024,
Chainwire
The 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 prime services, is excited to announce its latest
integration with Sui, a high-performance Layer 1 blockchain and
smart contract platform. 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 advancement in connecting institutional finance to
on-chain opportunities on the Sui Network.
With Copper on board, the Sui ecosystem now has built additional
foundational infrastructure necessary 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, integrating Copper’s
enterprise-grade custody tooling, exemplifies the continued
maturation of the Sui ecosystem into a platform capable of
supporting the heightened infrastructure needs of Sui’s
institutional builders and users,” said Greg Siourounis, Managing
Director of the Sui Foundation. “We are truly 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, encompassing SUI and native
Sui-tokens is currently complete, making Copper a custodian for
these assets. The immediate availability of Copper’s infrastructure
on Sui means it is ready to serve the needs of large institutional
traders and market makers today. Further features in staking and
DeFi are in development and will be integrated soon, significantly
expanding the functionality of Copper’s offerings on Sui.
“We’re excited to be a part of the SUI ecosystem with Copper as
custodian,” commented Dmitry Tokarev, CEO of Copper. “With staking
and DeFi features currently in development, we’re looking forward
to the evolution of this partnership.”
Contact
Sui
Foundation
media@sui.io