Sui Partners with Fireblocks to Expand Institutional Infrastructure: Enhancing Staking and DeFi Accessibility

Source
Minseung Kang

Summary

  • Sui (SUI) announced its collaboration with Fireblocks to expand the virtual asset ecosystem targeting institutional investors.
  • Through this partnership, Sui plans to offer a comprehensive solution including custody, staking, and DeFi connectivity.
  • Sui's network is expected to be equipped with various features such as native custody support for SUI assets and exchange integration.

Layer 1 blockchain Sui (SUI) is advancing its ecosystem expansion for institutional investors by strategically integrating with digital asset security specialist Fireblocks. On the 1st (local time), the Sui Foundation announced on its official blog, "We will significantly expand Sui's institutional accessibility through strategic collaboration with Fireblocks, a leader in digital asset security," and added, "We plan to provide a comprehensive solution including custody, staking, and DeFi connectivity." Adeniyi Abiodun, co-founder of Mysten Labs, stated, "There is no better fit than Fireblocks as Sui's core infrastructure partner for institutional expansion." Through this integration, the Sui network is expected to be equipped with various features targeting institutional investors, such as ▲native custody support for SUI assets ▲direct exchange integration ▲enhanced DeFi accessibility through WalletConnect.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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