The Good Tech Companies - Copper And Sui Partner To Build Out Full Institutional Accessibility

Episode Date: June 26, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/copper-and-sui-partner-to-build-out-full-institutional-accessibility. The integration with Sui includes custody support for L1 and L2, built-in staking support, and DeFi connectivity. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #copper, #chainwire, #press-release, #copper-announcement, #sui, #digital-asset, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Copper, a leader in digital asset custody, collateral management, and prime services, is excited to announce its latest integration with Sui. The strategic partnership will enable robust custody infrastructure support for stablecoin and Real-World Asset (RWA) issuers on Sui such as Ondo.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Copper and Sway partner to build out full institutional accessibility. By Chainwire. London, UK, June 26, 2024. Chainwire, asterisk asterisk. The integration with Sway includes custody support for L1 and L2, built-in staking support, and DeFi connectivity. Copper, a leader in digital asset custody, collateral management, and prime services, is excited to announce its latest integration with Sway, a high-performance Layer 1 blockchain and smart contract platform. The strategic partnership will enable robust custody infrastructure support for stablecoin

and real-world asset, RWA, issuers on Sway such as Ondo.USDY. Marking a significant advancement in connecting institutional finance to on-chain opportunities on the Sway network. With Copper on board, the Sway ecosystem now has built additional foundational infrastructure necessary to enable institutional players to leverage SUI's industry-leading decentralized technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens. This strategic partnership, integrating Copper's enterprise-grade custody tooling, 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, said Greg

Tsourounis, 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 SUICO systems. The first phase of support, encompassing SUI and native SUI tokens is currently complete, making copper a custodian for these assets. The immediate availability of Copper's infrastructure on Sway means it is ready to serve the needs of large institutional traders and market makers today. Further features in staking in DeFi are in development and will be integrated soon, significantly expanding the functionality of Copper's offerings on Sway. Greater than, we're excited to be a part of the Sway ecosystem with Copper as custodian, greater than commented Dmitry Tokarev, CEO of Copper. With staking in DeFi features greater than currently in development, we're looking forward to the evolution of this greater than

partnership. Contact Sway Foundation Media at sway.io. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.