June 26, 2024 \u2013 London, United Kingdom<\/span><\/em><\/p>\n Copper \u2013 <\/span>a leader in digital asset custody, collateral management and prime services \u2013<\/span> is excited to announce its latest integration with Sui, a high-performance layer one blockchain and smart contract platform.<\/p>\n The strategic partnership will enable robust custody infrastructure support for stablecoin and RWA (real-world asset) issuers on Sui such as Ondo (USDY), marking a significant advancement in connecting institutional finance to on-chain opportunities on the Sui Network.<\/p>\n With Copper on board, the Sui ecosystem now has built the additional foundational infrastructure necessary to enable institutional players to leverage Sui\u2019s industry-leading decentralized technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens.<\/p>\n Greg Siourounis, managing director of the Sui Foundation, said,<\/p>\n \u201cThis strategic partnership \u2013 <\/span>integrating Copper\u2019s enterprise-grade custody tooling \u2013 <\/span>exemplifies the continued maturation of the Sui ecosystem into a platform capable of supporting the heightened infrastructure needs of Sui\u2019s institutional builders and users.<\/em><\/p>\n \u201cWe are truly excited about the number and diversity of new projects and assets this partnership will enable for both the Copper and Sui ecosystems.\u201d<\/em><\/p>\n The first phase of support \u2013 <\/span>encompassing SUI and native Sui tokens \u2013 <\/span>is currently complete, making Copper a custodian for these assets.<\/p>\n The immediate availability of Copper\u2019s infrastructure on Sui means it is ready to serve the needs of large institutional traders and market makers today.<\/p>\n Further features in staking and DeFi are in development and will be integrated soon, significantly expanding the functionality of Copper\u2019s offerings on Sui.<\/p>\n Dmitry Tokarev, CEO of Copper, said,<\/p>\n \u201cWe\u2019re excited to be a part of the Sui ecosystem with Copper as custodian. With staking and DeFi features currently in development, we\u2019re looking forward to the evolution of this partnership.\u201d<\/em><\/p>\n Sui Foundation<\/a><\/p>\n Follow Us on Twitter<\/a> Facebook<\/a> Telegram<\/a><\/span><\/p>\n
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The integration with Sui includes custody support for layer one and layer two, built-in staking support and DeFi connectivity.<\/h5>\n<\/blockquote>\n
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