Consensus 2018 Will be the Next Big Catalyst for Bitcoin, Analyst Says 244

Blockchain Week New York City, the annual conference also known as Consensus 2018, kicked off yesterday.

Based on the market reaction in the previous three events, analysts expect the prices of Bitcoin and altcoins to move upward. Fundstrat’s technician Robert Sluymer says Bitcoin has bottomed with an upside seen from here.

Blockchain Week New York to Trigger Next Bullish Momentum, Says Fundstrat Analyst

The most important annual conference for the cryptocurrency ecosystem is taking place in New York while Bitcoin sits just above the 50-day moving average. While the blockchain industry gets together to move the technology forward, digital currency investors wait on the sidelines and hope for the best.

According to Robert Sluymer, managing director and head of technical research at Fundstrat Global Advisors, a lot of people are looking for clarity on projects as uncertainty around regulation still looms. He added that it should all become clearer as ‘we move around Consensus.’

With regard to the technical analysis, Sluymer told CNBC that he expects Bitcoin to shake a few traders, but to hold around the 50-day average, which is fairly close to where we are now.

“Bull-bear scenario developing where folks are arguing it’s getting lower. Our view is this is a much bigger bottom that has developed. If that’s the case, this pullback will be relatively shallow. It’s already pulling back from the 200-day. It’s sitting just above the 50-day moving average. So, between the $8,800 and $8,200 – and I know it’s a big range – but that’s where we will see support and we think Bitcoin continues higher from here.”

Regulatory risk is the fundamental issue driving the downward pressure on cryptocurrencies, but Sluymer is confident that the market has bottomed. He is of the opinion that it is in a stage of general recovery and that the Blockchain Week will be the next big catalyst for Bitcoin.

Fundstrat’s Global Advisory forecast is based on three data points, the past events in 2015, 2016, and 2017. All of the previous conferences were followed by a bullish response from the cryptocurrency market.

The week-long event includes high-profile names such as St. Louis Federal Reserve Bank President James Bullard, European Parliament member Eva Kaili, and Twitter CEO Jack Dorsey, among other movers and shakers in the cryptocurrency world.

The organization expects to host approximately 8,000 people, half of whom are coming from abroad. Last year’s event had a turnout of 2,700 attendees, which shows how much the blockchain community has grown in size and importance in a single year.

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The Canton Network’s Global Synchronizer and Canton Coin Go Live 6697

Leading market participants powering the Canton Network proudly announce the go-live of the Global Synchronizer, the Canton Network’s decentralized interoperability infrastructure. This launch marks a pivotal step towards unlocking the full potential of synchronized financial markets, providing first-of-its-kind connectivity for the tokenization and frictionless exchange of regulated financial assets and liabilities. The Global Synchronizer is going live after ten years of technological development, nearly a year of extensive testing— including powering the recent Canton Pilot program—and following each of the anchoring Network participants, known as super validators, voting in favor of the launch.

There is a growing industry need to deliver near-term efficiencies for the highest concentrations of tokenized assets, while also facilitating new opportunities as more applications and liquidity are brought on-chain. Canton Network delivers on both value propositions: it features the highest number of live use cases of real-world assets and is the only network that can handle the on-chain privacy, control, and interoperability of participants and their corresponding asset flows.

Organizations are engaging in the Network in a range of ways—including running a super validator, running a node, joining the Global Synchronizer Foundation, or running an application on the Network. Current participants in these various points of engagement include: 7RIDGE, Bitwave, Brale, Broadridge, Calastone, Copper.co, Cumberland DRW, Dfns, Digital Asset, EquiLend, Global Blockchain Business Council, Gravity Team, Hashnote, Hidden Road, Hydra X, InfStones, IntellectEU, Kaleido, LendOS, Liberty City Ventures, MPCH, Obsidian Systems, Ownera, QCP, SBI Digital Asset Holdings, Taurus, The Tie, Tradeweb, Validation Cloud, XBTO, XVentures, and Zodia Custody.

Revolutionizing Financial Connectivity

For the first time, market participants can harness the power of synchronized financial markets through the Global Synchronizer. The Global Synchronizer enhances interoperability on the Canton Network, an innovative public-permissioned blockchain network designed with the privacy and controls essential to facilitating the exchange of regulated financial assets. The Global Synchronizer is operated and governed in a decentralized manner, with internet-like scalability, ensuring that no single party controls the service and there is no single point of failure; thereby harnessing the benefits of decentralized finance. This transformative infrastructure is set to revolutionize the way financial transactions are conducted, offering enhanced efficiency, reduced operational costs, and minimized risks.

“Canton Network participants have taken a long-term strategic view on what was needed to enable the modernization of synchronized global capital markets,” said Yuval Rooz, CEO and Co-Founder of Digital Asset. “Industry-leading firms have convened over the past year for the initial launch and subsequent testing of the Canton Network. We are excited to see the governance and incentive mechanisms in place to facilitate the adoption and use of the Network as it goes live.”

Open Governance with Linux Foundation and the Global Synchronizer Foundation

In conjunction with the Global Synchronizer’s operational go-live, the Linux Foundation is supporting the Global Synchronizer Foundation as an official project. The Global Synchronizer Foundation is an independent U.S.-based entity composed of forward-thinking market participants dedicated to ensuring that the Global Synchronizer is governed transparently in a decentralized manner with organizational neutrality to maintain its integrity. The Linux Foundation will support the Global Synchronizer Foundation under an open governance model that fosters trust and neutrality.

Introducing Canton Coin: Accelerating Connected Capital Markets

The Global Synchronizer includes a utility token, called Canton Coin, which is used to pay traffic fees for using the Global Synchronizer. Canton Coin can be minted by app builders and infrastructure providers who bring utility to the Global Synchronizer ecosystem, marking the first time a public network has rewarded both infrastructure providers and app developers. It is designed to incentivize third parties to build applications utilizing the Global Synchronizer, rewarding connections that accelerate connected capital markets. Network participants can use Canton Coin for Canton-native operations between participants and across applications globally on a 24×7 basis.

Hyperledger Splice: The Springboard for Additional Decentralized Infrastructure on the Canton Network

The Global Synchronizer is the first decentralized infrastructure for the Canton Network. To encourage additional infrastructure development, Digital Asset has open-sourced the core technology for decentralized Canton synchronization domains, including a native utility token– the same technology that powers the Global Synchronizer and Canton Coin. The technology is maintained by Hyperledger Labs under the name Splice to ensure that anyone seeking to set up their own decentralized synchronization domain for the Canton Network can do so freely.

About the Canton Network

The Canton Network is the financial industry’s first and only public chain that can achieve on-chain privacy, control, and interoperability, making it the most suitable network for institutional assets. The Network launched for testing with the participation of a group of leading financial institutions, infrastructure providers, technology firms, and consultants in August 2023. Initially built upon Digital Asset’s technology, the Network’s controls, governance, and app development have been open-sourced and decentralized to be managed by all participants, with the goal of fostering greater innovation and Network utility. The Canton Network’s design overcomes the shortfalls of existing blockchain networks by enabling previously siloed systems in finance to become interoperable and synchronized in ways that had been impossible before. Offering the privacy and controls required for highly regulated organizations, the Canton Network creates a safe environment in which assets, data, and cash can move freely across applications in real-time, unlocking new efficiencies and powering innovation.

WELL3 Hits $55M TVL in 24 Hours Ahead of TGE 6851

WELL3, a decentralized wellness solutions provider, announced $55M in TVL in a 24 hour public sale ahead of their upcoming Token Generation Event (TGE). The company is support by numerous notable entities in crypto investment, including Cypher Capital, a multi-strategy crypto investment firm, and other well-known names such as Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.

WELL3 is reshaping health and wellness through its Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. With a mission to enhance well-being through secure, data-empowered health journeys, WELL3 leverages blockchain and AI analytics to provide personalized user experiences that prioritize data ownership and security.

“With Cypher Capital’s support, WELL3 is poised to significantly enhance our ecosystem, integrating cutting-edge technology to expand decentralized wellness solutions and drive impactful growth,” said Fung Kam Keung, CEO and Co-founder of WELL3.

WELL3 boasts over 17M transactions on their blockchain and the establishment of the largest NFT collection on the opBNB chain. WELL3’s multichain framework supports Bitcoin, Ethereum, Polygon, Solana, Blast, and TON, enabling seamless user interaction across diverse platforms for an integrated experience.

“WELL3 stands at the forefront of integrating DePIN, DID, and AI to revolutionize health and wellness,” stated Harsh Agarwal, Investment Lead at Cypher Capital. “Their robust technology and strategic alliances position them as a powerful newcomer in the healthcare industry.”

WELL3’s Token Generation Event is scheduled to launch on July 3rd at 10 AM UTC on Bybit.

About WELL3

WELL3 is the leading Web3 Wellness Platform that revolutionizes health data management. By harnessing Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID), along with sophisticated AI analytics, it engages users with rewards to incentivize health data collection and management.

About Cypher Capital

Cypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3.

MAPLESTORY N KICKS OFF REGISTRATION FOR PIONEER TEST TODAY 6846

NEXPACE announced the commencement of registration for MapleStory N’s Pioneer Test today (July 1). MapleStory N is a PC-based MMORPG that integrates blockchain technology with the world’s famous MapleStory IP.

To become a tester, users worldwide can now register by completing the survey on the official website. Testers will be chosen based on survey responses, with nominations announced via official channels.

Key dates for the Pioneer Test are as follows (in UTC+4):

  • Registration Period: July 1 (Mon) – July 7 (Sun), 2024
  • Tester Nomination Announcement: July 18 (Thu), 2024
  • Pioneer Test Period: July 24 (Wed) – August 2 (Fri), 2024

During the Pioneer Test, participants will have the exclusive opportunity to experience MapleStory N before its official launch later this year. The test will feature the game’s key blockchain elements including limited supply reward system and user-driven pricing system. Moreover, the testers get to experience the Zakum Boss content available in both Easy mode (Entry Lv.50+) and Normal mode (Entry Lv.90+).

“We’re excited to announce the registration for MapleStory N’s Pioneer Test. We urge users to register for the test today,” said Sunyoung Hwang, Executive Director of NEXPACE. “We are committed to delivering the best version of MapleStory N to the fans of the MapleStory IP based on the test results.”

MapleStory N is the first game to launch within the MapleStory Universe, a virtual worlds ecosystem that utilizes NFTs to enhance the game experience.

MapleStory IP boasts over 180 million registered users globally. With its various content and extensive resource pool from 20 years of live operations, MapleStory has built a robust ecosystem filled with items that can be NFTized and strong community features, making it ideal for blockchain integration.

About MapleStory N

MapleStory N is a PC-based MMORPG which adopts blockchain technology into the MapleStory IP, aiming to reach global gamers. The primary goal of MapleStory N is to deliver the joy of role-playing games while enhancing the experience of earning in-game rewards. In MapleStory N, players can acquire and NFTized items through gameplay such as defeating monsters and completing quests. MapleStory N fosters a user-driven economy based on dynamics created by users and their digital ownership of NFTs instead of relying on cash shops. MapleStory N will be launched in various regions where blockchain games are supported, the exact release date is to be announced in the future.

About MapleStory Universe

MapleStory Universe is the first project to be serviced on NEXPACE. As a Virtual Worlds ecosystem established based on Nexon’s world’s famous IP, MapleStory Universe utilizes NFTs to create various tangible and intangible enhancements to the games experience. MapleStory Universe is committed to lowering the barriers to entry for blockchain technology, making it easily accessible for everyone to participate in and experience the world of blockchain. 

About NEXPACE

NEXPACE is an IP-expanding project based on blockchain technology that utilizes NFTs. The goal of NEXPACE is to bring creators and users together, fostering an innovative games community where members can experience various games and content developed by other members. With its blockchain technology, NEXPACE provides transparent and secure services, encouraging creators to freely express their ideas while users enjoy these fresh inventions. This represents the philosophy and ambition of NEXPACE.

Igloo, Inc. Acquires the Frame Team and Announces Plans to Contribute Towards Consumer-focused Blockchain 7562

Igloo, Inc. (“Igloo”), Pudgy Penguins’ parent company with a mission to onboard the next generation of builders and users onchain by fostering community, culture, and creativity, today announced the acquisition of the Frame team, a team of pioneering crypto developers. Frame co-founders and notable blockchain developers Cygaar and Beans will contribute towards building a new Ethereum Layer 2 blockchain, Abstract, designed to take on the consumer crypto opportunity. Frame will be sunsetted.

Frame was launched in 2023 by a leading developer team with experience building industry-leading NFT projects and onchain protocols. Co-founded and built by Cygaar, Beans, and Pablo, Frame’s unique technology prioritizes its community by ensuring that creators are properly protected and rewarded through a proprietary onchain royalty system. With this acquisition by Igloo, the innovative team behind Frame will leverage their extensive experience to help build for the next generation of crypto users. As the team’s first initiative, they will contribute to the Abstract network, which will provide a secure, ultra-fast, low-cost, and developer-friendly way for developers to build.

Cygaar from Frame commented, “We’re extremely excited to join forces with the Igloo team and contribute to building infrastructure that will power the next wave of consumer crypto applications. There is no other team in the space that I’d rather work with than the Igloo team. Together, we have the potential to truly onboard retail users to crypto for the first time.”

Igloo, Inc. was formed to create an end-to-end ecosystem for new people to come into crypto by pushing the boundaries of onchain experiences. Within Igloo, Inc., Pudgy Penguins operates as the brand at the top of the funnel introducing people to Web3. Pudgy Penguins has successfully bridged the gap between Web2 and Web3, with the Pudgy NFT collection maintaining its dominance as one of the top five collections across all NFT marketplaces. Additionally, Pudgy toys have sold out in record time at Walmart and Target, and the company recently partnered with Lotte. Another Igloo, Inc. project, OverpassIP, has allowed collectors to explore licensing opportunities for their Pudgy Penguins NFTs.

“Since inception, Igloo has remained steadfast in our commitment to creating a Web3 ecosystem that enables new ways for brands to interact directly with their consumer base,” said Luca Netz, Chief Executive Officer at Igloo, Inc. “Frame’s team has unmatched experience in building platforms that change the dynamic of how users interact with blockchain technology and how to easily merge both the real and digital worlds. By combining our successful history in creating onchain communities and unique cultures with the expertise of the Frame team, we are excited to contribute to the success of Abstract and its mission of building the world’s biggest onchain community, driving the consumer crypto revolution. In the next few months, Igloo plans on contributing to the development of an end-to-end user and builder experience.”

As the next steps following the acquisition, Cygaar and Beans will be leveraging their experience to contribute towards the highly anticipated consumer-focused blockchain called Abstract, a secure, ultra-fast, low-cost, and developer-friendly Ethereum L2 powered by zero-knowledge proofs, to lead the next generation of consumer crypto adoption. Abstract is set to create a new standard for culture-driven economies by leveraging new distribution rails, empowering builders, and introducing innovative economic mechanisms onchain. Abstract’s primary focus will be building the world’s biggest onchain community, driven by the culture economy.

The financial terms of this deal are not being disclosed.

About Igloo, Inc.

Igloo, Inc. is a collection of companies, the largest of which is Pudgy Penguins. Founded in 2024, the company is headquartered in Miami, Florida. Millions of people use its wide range of popular crypto-native products and platforms each day, from Pudgy Penguins®, Pudgy World™, OverpassIP™, and more.

To learn more about Igloo, visit igloo.inc.

About Abstract

Abstract is a consumer-focused blockchain powered by cutting-edge ZK cryptography for consumer crypto, pioneering culture, community, and creativity onchain. Its mission is to build the world’s biggest onchain community, driven by the culture economy, leveraging ZK Stack and EigenDA to provide cheap, fast, and secure transactions. Abstract was invented by individuals who launched and scaled Pudgy Penguins, Ethereum, and Kubernetes.

To learn more about Abstract, visit abs.xyz

About Frame

Frame is an Ethereum-based rollup that focuses on creator empowerment, royalty enforcement, and safety for users. With a mission to build a better home for NFTs, Frame was created by people who’ve built and advised some of the top protocols and projects in the space.

To learn more about Frame, visit https://www.frame.xyz/

Interlock Launches ThreatSlayer Web3 Security Extension and Incentivized Crowdsourced Internet Security Community 7885

Interlock today announced a Web3, incentivized crowdsourced internet security community that aims to make the internet safer for everyone, from individuals to global enterprises. Today the company also announced the worldwide general availability of its flagship product ThreatSlayer, a Web3 security browser extension that harnesses the power of blockchain, AI and a global community of users to revolutionize internet security.

Today’s announcement of the ThreatSlayer production version follows a year of beta testing by 29,000+ weekly active users, 80% of whom are outside the United States. The community already includes active members on X, Telegram and Discord.

Adding to the Web3 community buzz, Interlock’s CEO recently appeared in Entrepreneur’s “Elevator Pitch,” where he garnered interest in a potential investment of $100,000 from Marc Randolph, Netflix co-founder and former CEO, in a broadcast viewed by 600,000 people.

Compatible with most major browsers, ThreatSlayer is available as a free download that installs instantly. It immediately begins protecting internet users from dangerous website URLs and scams, whether malicious links come from phishing, fake ads, search or browsing. By working as part of the browser, ThreatSlayer can block malicious sites before the damage is done. While helping everyone address the legacy problems in today’s risk-ridden Web2 internet, it is particularly well suited to Web3 early adapters and cryptocurrency enthusiasts.

Combining Crowd Power with AI to Revolutionize Internet Security

Born out of a need for more effective internet security despite billions of dollars spent on existing Web2 solutions, Interlock was conceived to combat persistent phishing and social engineering attacks with Web3 technology and incentivized community threat intel to deliver internet cybersecurity designed for a digital and crypto-focused world.

To power ThreatSlayer’s protection with the best threat intelligence available, Interlock rewards users for sharing anonymized security data. While no security solution is perfect, there is safety in numbers and building the world’s largest community for crowdsourcing threat intel is fundamental to what makes it revolutionary.

Equally revolutionary is the company’s groundbreaking use of blockchain and AI technology in its platform.

In the coming weeks, Interlock will introduce its own utility coin $ILOCK used to pay incentives and enable community members to use the crypto coins to facilitate rewards and security staking, where users can earn extra tokens for correcting Interlock’s threat detection when it gets something wrong. Think of it as a combined PayPal fraud and Twitter community note style review system. The $ILOCK coin will be available on Arbitrum, the leading Layer 2 (L2) network for Ethereum with a vast user base of 11.6 million and Aleph Zero, a privacy-focused public blockchain platform. By making the $ILOCK coin available on these platforms, Interlock empowers users with choice and enhances security for all participants, while expanding its network.

Interlock’s Roadmap

Interlock’s near-term product roadmap includes ThreatSlayer on the Mainent, Token Generation Event (TGE) and Security Staking.

Later this year, the company’s go-to-market business plan is to monetize the shared security data it is gathering in the $11 billion yearly B2B threat intel market, creating a first-of-its-kind crowdsourced threat intelligence platform. The company will also introduce enterprise versions of its products during the coming 12 months.

In keeping with the best practices of a Web3 community leader, Interlock is very transparent and offers a wealth of additional information in the resource center on the website and GitHub.

“Interlock’s mission is to solve legacy Web2 security issues by harnessing the power of Web3. Our unique approach is made possible by incentivizing users to share security data and use our security tools,” said Rick Deacon, co-founder and CEO at Interlock. “With ThreatSlayer leading the charge, we’re establishing a new era of cybersecurity that’s both effective and inclusive. As we embark on this journey, we’re grateful for the support of our investors, who share our vision for a safer online world.”

The company has raised $4.1 million in funding through two oversubscribed private sales of $ILOCK led by Outlier Ventures.

“We are very confident in our investment to support Interlock’s mission to revolutionize Web3 security,” said Jamie Burke, founder of Outlier Ventures. “The security implications of self sovereignty in Web3 are an impossible burden for most users. ThreatSlayer is a simple browser extension that protects individuals and lets them join an army of 29,000 users to crowd source threat intel and earn as they go.”

How Interlock’s Revolutionary Ecosystem Works

The Interlock ecosystem comprises ThreatSlayer, the internet security browser extension for users; Galactus, the data nexus and open-source rewards system; and Octahedron, a proprietary AI-driven threat detection tool.

In the Interlock ecosystem, ThreatSlayer users can opt-in for incentives to continually aggregate web activity and transmit anonymous threat intel data to Galactus.

Octahedron, the heart of Interlock’s technology, then uses the data to discern, classify and even predict malicious web entities.

An advanced AI threat detection tool, Octahedron was designed to navigate the complexities of cyberspace and continuously update ThreatSlayer to enhance its protection for users. Leveraging supervised learning from the SciKit-learn library, it excels in classifying objects, discerning relationships and predicting trends based on historical data. Using Interlock’s proprietary Decision Tree algorithm, it evaluates websites to identify potential threats and prevent users from entering risky cyber territories.

Octahedron has been trained with a variety of data, including known crypto scams, phishing links, dangerous URLs, malware and more, ensuring it has a sharp eye for trouble. Constantly fed with new data from the community, Octahedron continuously evolves into an ever more effective cybersecurity tool.

The addition of dimensions, such as the presence of specific keywords like “cryptocurrency” or “free money,” scrutiny of suspicious JavaScript functions, detection of malicious code and evaluation of a website’s domain reputation and traffic patterns, enhance its accuracy in identifying malicious websites. As Octahedron’s dimensions multiply, so does its effectiveness in safeguarding against online threats.

As this robust internet security data ecosystem thrives, Interlock’s blockchain infrastructure, the backbone of the operation, ensures user trust and systemic security. Together, these components seamlessly weave a harmonized system, where data collection, threat analysis and token rewards converge in a synchronized dance.

Interlock’s Reputable Team

Interlock’s CEO and co-founder Rick Deacon has an extensive background in cybersecurity from hacking MySpace to building the next generation of Decentralized Security. Rick was the former CEO of a browser defense platform startup funded by Y Combinator, who sold their software technology to Coinbase, Gemini and Uber.

The company also benefits from the expertise of two senior advisors, Ethan Johnson and Ajeet Khurana. With over a decade of experience in cybersecurity, Ethan shapes Interlock’s enterprise product strategy, drawing from his specialization in crypto architecture and control design. His security roles at Citadel Securities, Galaxy Digital and the Bank of New York Mellon underline his expertise in securing the emerging digital assets sector.

“Unlike a lot of AI companies that materialized overnight, Interlock’s team has been building and tuning AI-based web browsing protections for years,” said Ethan Johnson, Interlock Advisor. “I’m excited about their potential for making risky web browsing safer.”

Ajeet, founder of Reflexical, brings a robust background to assist Interlock in its mission to bridge the security gap in Web3. His previous roles, including CEO of India’s largest CEX and Head of the Blockchain and Cryptocurrency Committee, equip him with a unique perspective and expertise for Interlock’s success.

“Interlock’s groundbreaking approach to incentivizing security combines the strength of artificial intelligence with the collective power of the crowd,” said Ajeet Khurana, Interlock Advisor. “In the realm of Web3 self sovereignty, security concerns can be formidable for most users. However, ThreatSlayer offers a unique solution. By seamlessly integrating AI and the community, users can identify threats and earn rewards effortlessly.”

Join the Interlock Community

User who are ready to get better internet protection and start getting rewarded for their browsing, can download ThreatSlayer now and become a part of the fast-growing Interlock community.

About Interlock

Interlock pioneers the transformation of security within Web3 with its AI-powered browser extension, Threatslayer. Protecting users from dangerous websites, wallet drainers and scams, while also rewarding and incentivizing them to share data, Interlock fosters a unique crowdsourced threat intelligence platform. Interlock boasts 30,000+ weekly users and a 79,000-strong community and is backed by $4.1 million in funding from oversubscribed private sales led by Outlier Ventures.

Copper & Sui partner to build out full institutional accessibility 7905

The integration with Sui 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 Sui, 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 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 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 Siourounis, 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 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.

“We’re excited to be a part of the SUI ecosystem with Copper as custodian,” commented Dmitry Tokarev, CEO of Copper. “With staking and DeFi features currently in development, we’re looking forward to the evolution of this partnership.”