Copper Introduces Custody and Staking Solutions for SUI
Terrill Dicki Jun 27, 2024 04:27
Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.
Copper, a digital asset infrastructure company, has announced the introduction of custody and staking solutions for SUI, providing a secure gateway for institutional and enterprise users to access the SUI ecosystem, according to The Sui Blog.
Institutional Focus
Copper's services are tailored to institutional investors, bridging the gap between traditional finance and digital assets. The company offers a range of services including secure digital asset custody, offchain settlement services for cryptocurrencies, staking, and a DeFi stack. Founded in 2018, Copper provides custody services for over 50 blockchains and reports over $50 billion in monthly trading volume.
Comprehensive Services for SUI
As part of its new offering, Copper will provide an infrastructure-integrated wallet service for SUI, facilitating seamless transactions between its end users and those of exchanges. The company is also expanding its SUI services to include staking and DeFi support, allowing customers to engage with what it describes as the most performant blockchain, which has seen significant DeFi growth over the past year.
Growing Demand
The addition of SUI custody and staking services by Copper highlights the growing demand for secure and efficient digital asset management solutions among institutional investors. This move is expected to enhance the accessibility and usability of SUI, further driving its adoption in the cryptocurrency market.
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