Copper and Sui have announced an innovative partnership that has the potential to transform how institutions interact with blockchain ecosystems. Copper, a leading provider of digital asset services including custody, collateral management, and prime brokerage, has joined forces with Sui, a high-performance Layer 1 blockchain.
This partnership will strengthen the stablecoin and Real-World Asset (RWA) foundation of the Sui network, which connects off-chain finance marketplaces to on-chain opportunities.
This collaboration represents a significant milestone for the Sui ecosystem, as it now benefits from Copper’s robust custody support. This integration addresses the needs of financial institutions that require efficient and secure treasury services for their tokenized assets.
Sui’s decentralized network makes it especially attractive to institutional players, opening up possibilities for increased adoption and innovative financial solutions built on top of blockchain technology.
Copper and SuiNetwork are delighted to announce a strategic partnership aimed at providing robust custody infrastructure and support for network users. The integration with the Sui Foundation includes custody support for both L1 and L2, as well as built-in staking support and connectivity to decentralized finance (DeFi) applications.
Greg Siourounis, Managing Director of the Sui Foundation, emphasizes the strategic nature of this alliance, highlighting its ability to meet the complex infrastructure needs of institutional entities within the Sui ecosystem.
In addition to this partnership, Copper has also collaborated with Sui to enhance the security of SUI tokens by adding firewall and custodian services. The successful completion of the first phase of this collaboration paves the way for future integration with staking and decentralized finance (DeFi) applications. These enhancements will not only expand Copper’s offerings on the Sui network but also drive institutional demand for utilizing Sui.
Tags: DeFi, SUI