Copper partners with SUI 27 June 2024 UK Reporter: Klea Neza
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Copper, a leader in digital asset custody, collateral management, and prime services, has collaborated with Sui, a high-performance Layer 1 blockchain and smart contract platform.
The companies say the partnership will enable robust custody infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui, marking a significant advancement in connecting institutional finance to on-chain opportunities on the Sui network.
The firms say with Copper’s inclusion, the Sui ecosystem has built the additional foundational infrastructure necessary to enable institutional players to leverage Sui’s decentralised technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens.
Greg Siourounis, managing director of the Sui Foundation, comments: “This strategic partnership 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.”
Dmitry Tokarev, CEO of Copper, adds: “We’re excited to be a part of the SUI ecosystem with Copper as custodian.
“With staking and DeFi features currently in development, we’re looking forward to the evolution of this partnership.”
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