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Copper & Sui Partner to Build Full Institutional Access

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London, UK, June 26, 2024, Chainwire

Sui integration includes L1 and L2 custody support, built-in staking support, and DeFi connectivity.

Copper, a leader in digital asset custody, collateral management, and prime services, is pleased to announce its latest integration with Sui, a high-performance Layer 1 blockchain and smart contract platform. This strategic partnership enables robust custody infrastructure support for stablecoin and real-world asset (RWA) issuers on Sui, such as Ondo (USDY), and represents a major step forward in connecting institutional finance to on-chain opportunities on the Sui network.

With Copper on board, the Sui ecosystem has built the additional underlying infrastructure necessary to enable institutional investors to leverage Suiโ€™s industry-leading decentralized technology platform, addressing the needs of financial institutions seeking efficient treasury services for their tokens.

“This strategic partnership, integrating Copper’s enterprise-grade custody tools, demonstrates the continued maturation of the Sui ecosystem into a platform capable of serving the growing infrastructure needs of Sui’s institutional investors 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 that this partnership will enable in both the Copper and Sui ecosystems.”

The first phase of support covering SUI and the native Sui token is now complete, with Copper being the custodian of these assets. The ready availability of Copper’s infrastructure on Sui means that it is ready to serve the needs of large institutional investors and market makers today. Further features for staking and DeFi are in development and will be integrated soon, significantly expanding the capabilities of Copper’s services on Sui.

“We are excited to join the SUI ecosystem with Copper as a custodian,” commented Dmitry Tokarev, CEO of Copper. “We are currently developing staking and DeFi features and look forward to watching this partnership evolve.”

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