Ondo

Solana

Yield

Sui Network, a Layer 1 blockchain platform, partners with Copper, a premier digital assets custody and prime services company to help build Sui’s institutional base, especially in stablecoin custody and Real-World Assets (RWA). 
Copper enables financial institutions to seamlessly engage with Sui’s decentralized technology platform by providing custody infrastructure. 
Moreover, Copper’s expertise in digital asset custody is set to streamline the management and security of assets on Sui, starting with native tokens like the Ondo USD Yield (USDY) stablecoin to provide specialized services demanded by institutional finance, including efficient treasury operations and the expansion of financial activities within the associated blockchain. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 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. 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. <cite>said Greg Siourounis, Managing Director of the Sui Foundation. </cite>
</blockquote> 
Copper and Sui are to release more features with plans supporting staking and Decentralized Finance (DeFi) features for Copper’s services in Sui to help meet the demands of institutional buyers and sellers. 
“We’re excited to be a part of the SUI ecosystem with Copper as custodian,” <a href="https://copper.co/insights/company-news/copper-and-sui-partner-to-build-out-full-institutional-accessibility" target="_blank" rel="noreferrer noopener nofollow">commented</a> Dmitry Tokarev, CEO of Copper. “With staking and DeFi features currently in development, we’re looking forward to the evolution of this partnership.” 
With Copper’s custody solutions already operational for Sui-native tokens, the platform is set to broaden its appeal to institutional clients seeking secure and compliant custody services. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/03/31/synthetix-approves-sui-solana-perps-expansion-proposals/">Synthetix To Launch Perps on Solana and Sui Network</a> 
</blockquote>

Sui Network Partners with Copper for Custody Solutions

The Crypto Times

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