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Sui Network Partners with Copper to Build Institutional Base, Especially in Stablecoin Custody and RWAs

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2024-06-28 03:42:09643browse

Copper enables financial institutions to seamlessly engage with Sui's decentralized technology platform by providing custody infrastructure.

Sui Network Partners with Copper to Build Institutional Base, Especially in Stablecoin Custody and RWAs

Layer 1 blockchain platform Sui Network has announced a partnership with Copper, a leading digital assets custody and prime services company, to bolster Sui’s institutional infrastructure, particularly in stablecoin custody and Real-World Assets (RWA).

This partnership will enable financial institutions to effortlessly integrate with Sui’s decentralized technology platform by providing custody infrastructure.

Copper's deep experience in digital asset custody will streamline the management and security of assets on Sui, starting with native tokens like the Ondo USD Yield (USDY) stablecoin to cater to the specialized services required by institutional finance, enabling efficient treasury operations and the expansion of financial activities within the Sui blockchain.

This strategic partnership, which includes Copper’s enterprise-grade custody tooling, demonstrates the Sui ecosystem's continued maturation into a platform that can support the increasing infrastructure needs of Sui’s institutional builders and users. We are enthusiastic about the possibilities and diversity of new projects and assets that this partnership will unlock for both the Copper and Sui ecosystems.

Copper and Sui will continue to release more features, with plans to integrate staking and Decentralized Finance (DeFi) support for Copper’s services in Sui to meet the demands of institutional buyers and sellers.

“We’re excited to be a part of the SUI ecosystem with Copper as custodian,” said 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 now live for Sui-native tokens, the platform is poised to expand its appeal to institutional clients seeking secure and compliant custody services.

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