Copper & Sui partner to build out full institutional accessibility

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
media@sui.io

Read more

7th Reason For National Bitcoin Reserve: Peer-to-Peer Transactions Slash Banking Intermediary Fees

7th Reason For National Bitcoin Reserve: Peer-to-Peer Transactions Slash Banking Intermediary Fees

Nations adopting Bitcoin as part of their reserves can reduce transaction costs by 2-4% compared to traditional banking systems, based on current international payment data. This cost reduction comes from bypassing multiple financial intermediaries typically involved in cross-border transfers, including correspondent banks, clearing houses, and payment processors. 🧡This article is

By Albert Morgan
6th Reason For National Bitcoin Reserve: Integrating Bitcoin Spurs Digital Transformation in Logistics and Supply Chains

6th Reason For National Bitcoin Reserve: Integrating Bitcoin Spurs Digital Transformation in Logistics and Supply Chains

Countries that add Bitcoin to their national reserves gain an advantage in modernizing their logistics and supply chain operations through blockchain technology adoption. The underlying infrastructure and technical expertise required for Bitcoin integration naturally extends to tracking goods, managing inventory, and processing cross-border payments - core functions that determine economic

By Albert Morgan