Ondo

DeFi

London, UK, June 26th, 2024, Chainwire 
<h3 id="the-integration-with-sui-includes-custody-support-for-l1-and-l2-built-in-staking-support-and-defi-connectivity">The integration with Sui includes custody support for L1 and L2, built-in staking support, and DeFi connectivity.</h3>
Copper, a leader in digital asset custody, collateral management, and prime services, is excited 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.” 
<h5>Contact</h5>Sui Foundation media@sui.io 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Copper & Sui partner to build out full institutional accessibility (26 Jun)

Table of Contents

Chainwire

Other articles published on Jun 26, 2024

Is President Biden “hostile” to Bitcoin? Marathon Digital CEO says…

SEC Approves Bitcoin ETF and Eyes Ethereum ETF Approval

Metallica falls victim to crypto scam, X account hacked

TRON Price Analysis: TRX Eyes $0.14 Breakout as Active Addresses Reach New High

Ethereum for Taxes? Dogecoin Creator Says Yes

Gary Gensler, SEC Chair, Validates Promising Advancement of Initial Spot Ether ETFs

Join our free newsletter for daily crypto updates!