Copper and Sui’s Strategic Alliance to Redefine Financial Blockchain Infrastructure

Copper and Sui have unveiled a groundbreaking partnership that stands to reshape institutional interactions with blockchain ecosystems. Copper, a frontrunner in digital asset services encompassing custody, collateral management, and prime brokerage, has joined forces with Sui, a high-performance Layer 1 blockchain. 

This partnership will enrich the steady coin and Real-World Asset (RWA) foundation of Sui network, which offers a connection between off-chain finance marketplaces to on-chain possibilities.

Unleashing Institutional Potential

The partnership marks a pivotal step for the Sui ecosystem, now equipped with enhanced foundational infrastructure thanks to Copper’s robust custody support. This integration caters to the pressing needs of financial institutions that demand efficient and secure treasury services for their tokenized assets. 

Decentralization at its finest makes Sui’s network the most attractive for institutional players, increasing potential adoption and entrepreneurial financial solutions on top of blockchain.

Copper and @SuiNetwork are pleased to announce a strategic partnership to enable robust custody infrastructure and support for network users.

The integration with Sui Foundation includes custody support for L1 and L2, with built-in staking support and DeFi connectivity in… pic.twitter.com/gKW8W2BGNv

— Copper.co (@CopperHQ) June 26, 2024

Strategic Enhancements and Future Outlook

Greg Siourounis, Managing Director of the Sui Foundation, emphasizes the strategic nature of this alliance, noting its capacity to support the complex infrastructure requirements of institutional entities within the Sui ecosystem. 

Copper also entered into a collaboration with Sui to add their firewall and custodian services for security of SUI tokens, successful completion of the first phase already done. In the future, integration with staking and decentralized finance (DeFi) applications will also be supported in order to increase Copper’s offerings on Sui as well as boost institutional demand for using Sui.