Copper & Sui partner to build out full institutional accessibility

Enhancing institutional investor confidence, Copper's secure infrastructure integrates with Sui's scalable blockchain technology.

Digital asset custody leader Copper integrates with Sui, enabling institutional access to the high-performance L1 blockchain

Enhancing institutional investor confidence, Copper's secure infrastructure integrates with Sui's scalable blockchain technology

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 thrilled 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.”

About Copper

Copper provides a clear path for institutions to integrate digital assets into their portfolios. Copper’s unique technology stack spans custody, prime services, and clearX, an aggregation service for DeFi protocols. With clearX, institutions can leverage Copper’s secure infrastructure to access DeFi applications. Copper is headquartered in London, UK, with offices in New York, Amsterdam, Dubai, Singapore, Hong Kong, and the Cayman Islands. Learn more at copper.co

About Sui

Sui is a Layer 1 blockchain built to empower developers. It combines horizontal scalability, high throughput, and low latency with a novel object-centric architecture and the Move programming language. Sui is designed to handle the needs of Web3 and enable the next billion users to seamlessly integrate decentralized applications into their daily lives. Learn more at sui.io

Contact

Sui Foundation [email protected]