Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui

Grand
Cayman,
Cayman
Islands,
August
28th,
2024,
Chainwire

Fordefi
brings
institutional-grade
security
to
the
Sui
Network

Sui,
the
Layer
1
blockchain
offering
industry-leading
performance
and
infinite
horizontal
scaling,
announced
that
it
has
joined
forces
with
Fordefi,
a
company
that
employs
multiparty
computation
(MPC)
technology
to
deliver
a
secure
institutional
wallet
platform
for
DeFi.
Fordefi’s
comprehensive
platform
and
Web3
gateway
provide
an
enterprise
grade
solution
enabling
builders,
traders,
and
operators
to
self-custody
their
private
keys,
seamlessly
connect
to
thousands
of
decentralized
applications
(dApps)
across
any
blockchain,
and
manage
digital
asset
operations
with
granular
policies
and
a
unified
interface.

Fordefi’s
integration
with
Sui
enables
institutional
users
to
securely
self-custody
their
private
keys
and
connect
to
thousands
of
dApps
across
various
blockchains,
ensuring
complete
control
over
their
digital
assets,
enhancing
operational
efficiency,
and
dramatically
simplifying
digital
asset
management.
The
platform
also
offers
customizable
policies
to
protect
workflows
and
consolidates
all
digital
asset
operations
into
a
unified
interface,
providing
a
comprehensive
and
user-friendly
asset
management
solution. 

“Sui’s
scalable,
secure
platform
is
uniquely
suited
to
meet
the
demands
of
institutional
users,”
said
Gap
Kim,
Global
Head
of
Marketing
for
Sui
Foundation.
“By
providing
a
secure,
institutional-grade
custody
solution
and
seamless
access
to
DeFi
features,
Fordefi
empowers
asset
managers,
trading
firms,
and
exchanges
to
fully
leverage
Sui’s
capabilities,
enhancing
the
Sui
ecosystem
and
driving
further
adoption.”

With
this
collaboration
Fordefi
becomes
the
first
institutional-grade
custody
solution
to
offer
convenient
access
to
DeFi
functionalities
on
the
Sui
blockchain.
This
integration
benefits
asset
managers,
trading
firms,
exchanges,
and
other
institutional
entities
by
providing
a
reliable
and
secure
wallet-as-a-service.

“We
are
excited
to
add
support
for
Sui
Network,”
said
Josh
Schwartz,
CEO
and
Co-Founder
of
Fordefi.
“Enabling
our
MPC
wallet
on
Sui
Network
ensures
that
institutional
clients
can
now
benefit
from
secure
self-custody
and
seamless
dApp
integration,
while
accessing
Sui
DeFi.
We
look
forward
to
the
evolution
of
this
partnership.”

Contact

Sui
Foundation
[email protected]