Copper Announces Integration With Sui to build out full institutional accessibility
Copper is thrilled to announce its newest integration with Sui, a high-performance Layer 1 blockchain and smart contract platform. Copper is constantly seeking innovative partnerships to enhance its offerings as a leader in digital asset custody, collateral management, and prime services. This strategic partnership will provide strong custody infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui, such as Ondo (USDY). It represents a major step forward in bridging institutional finance with on-chain opportunities on the Sui Network.
By partnering with Copper, the Sui ecosystem has strengthened its foundational infrastructure, allowing institutional players to take advantage of Suis cutting-edge decentralized technology platform. This addresses the demand from financial institutions for streamlined treasury services for their tokens.
This strategic partnership, integrating Coppers enterprise-grade custody tooling, exemplifies the continued maturation of the Sui ecosystem into a platform capable of supporting the heightened infrastructure needs of Suis 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.
Copper has completed the initial support phase, which includes SUI and native Sui tokens. As a result, Copper now acts as a custodian for these assets. Coppers infrastructure on Sui is readily available to cater to the requirements of large institutional traders and market makers. Additional features in staking and DeFi are being developed and will soon be integrated, greatly enhancing the capabilities of Coppers offerings on Sui.
Were 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, were looking forward to the evolution of this partnership.
Text source: ZyCrypto
