Sui adopted as Coinbase token standard… “Lowering the barrier for institutional and developer participation”
Summary
- Sui said it will expand the scope of token-standard adoption and its range of services for institutions through cooperation with Coinbase.
- With Coinbase adopting the Sui token standard, Sui said it has become one of the major token standards supported by Coinbase alongside Ethereum and Solana.
- Sui stressed that strengthening cooperation with Coinbase Institutional on custody and treasury-management services is an important step toward improving access to the regulated financial system.
Layer-1 blockchain Sui is expanding the scope of its token-standard adoption and institutional services through a partnership with Coinbase.
On the 7th, Sui said on X (formerly Twitter) that “with Coinbase adopting the Sui token standard, institutions, developers, and everyday users can all participate more easily in the Sui ecosystem.”
Sui added, “Sui now becomes one of the major token standards supported by Coinbase, alongside Ethereum and Solana,” explaining that “this will serve as a catalyst to significantly improve access to the Sui ecosystem.”
The collaboration goes beyond token-standard adoption. Sui said, “Cooperation on custody and treasury-management services between Coinbase Institutional and the Sui Foundation will be further strengthened,” adding that “support for asset custody and treasury management for the Sui Foundation will be expanded.”
Sui emphasized that this partnership is part of its strategy to build institution-friendly infrastructure and expand the ecosystem. Sui added, “This partnership is an important step forward in improving the Sui network’s access to the regulated financial system.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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