Copper and Sui Announce Strategic Partnership for Secure Custody and Staking Services
A New Era of Institutional Access to On-Chain Opportunities on the Sui Network
Copper, a leading digital asset custody, collateral management, and prime services provider, is thrilled to announce its latest integration with Sui, a high-performance Layer 1 blockchain and smart contract platform. This strategic partnership marks a significant milestone in connecting institutional finance to on-chain opportunities on the Sui Network.
Enhancing Custody Infrastructure for Institutional Investors
Through this partnership, Copper’s enterprise-grade custody tooling will provide robust infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui, such as Ondo (USDY). This advancement addresses the need for financial institutions seeking efficient treasury services for their tokens.
Unlocking Institutional Access to Sui’s Decentralized Technology Platform
Copper’s integration with Sui enables institutional players to leverage Sui’s industry-leading decentralized technology platform. The partnership 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.
Quote from 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,” said Greg Siourounis, Managing Director of the Sui Foundation.
Current and Future Development
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.
Quote from Dmitry Tokarev, CEO of Copper
“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]
Conclusion
The partnership between Copper and Sui marks a significant milestone in connecting institutional finance to on-chain opportunities on the Sui Network. With Copper’s enterprise-grade custody tooling, institutional investors will have access to robust infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui. The partnership will enable institutional players to leverage Sui’s industry-leading decentralized technology platform, addressing the need for efficient treasury services for their tokens.
FAQs
What is the significance of this partnership?
This partnership marks a significant advancement in connecting institutional finance to on-chain opportunities on the Sui Network, providing robust infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui.
What are the current features of Copper’s offerings on Sui?
The current features of Copper’s offerings on Sui include custody support for L1 and L2, built-in staking support, and DeFi connectivity.
When can institutional investors expect the additional features in staking and DeFi to be integrated?
Further features in staking and DeFi are in development and will be integrated soon, significantly expanding the functionality of Copper’s offerings on Sui.
What is the next step in the evolution of this partnership?
The next step in the evolution of this partnership is the integration of additional features in staking and DeFi, which will further enhance the functionality of Copper’s offerings on Sui.
