Copper & Sui partner to build out full institutional accessibility

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
[email protected]