In a groundbreaking collaboration, Copper and Sui have partnered to revolutionize the way institutions interact with blockchain ecosystems. Copper, a leader in digital asset services including custody, collateral management, and prime brokerage, has joined forces with Sui, a high-performance Layer 1 blockchain.
This partnership will greatly enhance the stablecoin and Real-World Asset (RWA) foundation of the Sui network, providing a bridge between off-chain financial marketplaces and on-chain possibilities.
By leveraging Copper’s robust custody support, this partnership represents a significant milestone for the Sui ecosystem, empowering it with a stronger foundational infrastructure. This integration addresses the needs of financial institutions that require efficient and secure treasury services for their tokenized assets.
The decentralized nature of the Sui network makes it especially appealing to institutional players, opening up opportunities for increased adoption and innovative financial solutions built on top of blockchain technology.
Copper and Sui are excited to announce their strategic partnership, which will provide robust custody infrastructure and support for network users. The integration with the Sui Foundation includes custody support for both L1 and L2, along with built-in staking support and connectivity to decentralized finance (DeFi) applications.
Greg Siourounis, Managing Director of the Sui Foundation, highlights the strategic significance of this alliance, emphasizing its ability to meet the complex infrastructure needs of institutional entities within the Sui ecosystem.
In addition to this collaboration, Copper has also partnered with Sui to provide firewall and custodian services for the security of SUI tokens. The first phase of this collaboration has already been successfully completed. Moving forward, there are plans to integrate staking and decentralized finance applications, further expanding Copper’s offerings on Sui and fueling institutional demand for utilizing the network.
Tags: DeFi, SUI