Integration of Copper with Sui Blockchain

Copper, a leading digital asset custody and prime services provider, has announced a new partnership with Sui, a high-performance Layer 1 blockchain and smart contract platform. This collaboration introduces custody support for L1 and L2, built-in staking support, and DeFi connectivity within the Sui ecosystem.

The integration with Sui is a significant step forward, offering robust custody infrastructure for stablecoin and Real-World Asset (RWA) issuers like Ondo (USDY) on the Sui Network. It bridges the gap between institutional finance and on-chain opportunities, enhancing the accessibility of Sui's decentralized technology platform for financial institutions seeking efficient treasury services.

According to Greg Siourounis, Managing Director of the Sui Foundation, the partnership with Copper underscores the continuous development of the Sui ecosystem to meet the infrastructure demands of institutional builders and users. The collaboration is expected to bring forth a diverse range of projects and assets to both the Copper and Sui ecosystems.

As part of the initial phase, Copper now acts as a custodian for SUI and native Sui-tokens, catering to the needs of large institutional traders and market makers. The integration of Copper's infrastructure on Sui is a significant advancement that lays the foundation for future enhancements, including staking and DeFi functionalities.

Dmitry Tokarev, CEO of Copper, expressed excitement about the partnership with SUI and its role as a custodian. With the development of staking and DeFi features underway, the collaboration between Copper and Sui is poised for further growth and innovation.

For media inquiries, contact the Sui Foundation at [email protected].

Disclaimer: This is a paid press release. It is essential to perform independent research and seek financial advice before engaging in cryptocurrency investments.