Copper, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce its integration with Sui, a Layer 1 blockchain and smart contract platform.
The partnership will enable robust custody infrastructure support “for stablecoin and Real-World Asset (RWA) issuers on Sui such as Ondo (USDY), marking a significant advancement in connecting institutional finance to on-chain opportunities on the Sui Network.”
With Copper on board, the Sui ecosystem now has “built additional foundational infrastructure necessary to enable institutional players to leverage Sui’s decentralized technology platform, addressing the need for financial institutions seeking efficient treasury services for their tokens.”
Greg Siourounis, Managing Director of the Sui Foundation said:
“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. We are truly excited about the number and diversity of new projects and assets this partnership will enable for both the Copper and Sui ecosystems.”
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 Sui means it is ready to serve the needs of large institutional traders and market makers today.”
Further features in staking and DeFi are in development and “will be integrated soon, significantly expanding the functionality of Copper’s offerings on Sui.”
Dmitry Tokarev, CEO of Copper said:
“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.”
Since being founded in 2018, Copper has been building the standard “for institutional digital asset infrastructure with a focus on custody and collateral management.”
Underpinned by technology, Copper has built “a comprehensive and secure suite of products and services required to safely custody and trade digital assets.”
At the core of Copper’s infrastructure is ClearLoop, which “enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.”
As noted in the update, Sui is a Layer 1 blockchain and smart contract platform “designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets.”
With horizontally scalable processing and storage, Sui supports “a wide range of applications with unrivaled speed at low cost.”
Sui is a step-function advancement in blockchain and “a platform on which creators and developers can build amazing user-friendly experiences.”
