Sui announced an upcoming integration with Fireblocks on May 1st, outlining plans to provide institutional participants with secure native custody, staking and DeFi access through the Fireblocks platform.
Sui, the first-tier blockchain aiming to address key Web3 challenges, has announced an upcoming integration with Fireblocks, a leading digital asset banking platform. This partnership will provide institutional participants with seamless access to native SUI token custody, staking, and DeFi capabilities through the Fireblocks platform.
Recognized for its high-throughput and low-latency architecture, Sui is designed to handle the demands of institutional-grade DeFi applications. The blockchain's parallel transaction processing and aPoS protocol contribute to its efficient and scalable nature.
Fireblocks' comprehensive institutional-grade platform offers a secure and compliant framework for digital asset management. The integration will enable institutions to directly use the SUI token for staking and participate in the DeFi ecosystem on the Sui chain.
The integration is set to be completed in Q2 2024, following a successful test period. It will provide institutions with the opportunity to effortlessly access and utilize the SUI token and engage in the vibrant DeFi ecosystem on the Sui chain.
This partnership marks a significant step in expanding the accessibility and usability of Sui for institutional investors, ultimately fostering the broader adoption of Web3 technologies.
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