Grand Cayman, Cayman Islands, August 28, 2024, Chainwire
Fordefi Brings Institutional-Grade Security to the Sui Network
Sui, the Layer 1 blockchain with industry-leading performance and infinite horizontal scaling, announced it is partnering with Fordefi, a company that leverages multi-party computation (MPC) technology to deliver a secure institutional wallet platform for DeFi. Fordefi’s comprehensive platform and Web3 gateway deliver an enterprise-grade solution that allows builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) on any blockchain, and manage digital asset operations with granular policies and a unified interface.
Fordefi’s integration with Sui allows institutional users to securely store their private keys and connect to thousands of dApps across different blockchains, ensuring complete control over their digital assets, improving operational efficiency, and significantly simplifying digital asset management. The platform also offers customizable policies to protect workflows and consolidates all digital asset operations into a unified interface, providing a comprehensive and user-friendly asset management solution.
“Sui’s scalable and secure platform is uniquely suited to meet the demands of institutional users,” said Gap Kim, Global Head of Marketing at Sui Foundation. “By providing an institutional-grade secure custody solution and seamless access to DeFi features, Fordefi enables asset managers, trading firms, and exchanges to fully leverage Sui’s capabilities, enhancing the Sui ecosystem and driving further adoption.”
With this collaboration, Fordefi becomes the first institutional-grade custody solution to offer convenient access to DeFi features on the Sui blockchain. This integration benefits asset managers, trading firms, exchanges, and other institutional entities by providing a trusted and secure wallet-as-a-service.
“We are excited to add support for Sui Network,” said Josh Schwartz, CEO and Co-Founder of Fordefi. “Enabling our MPC wallet on Sui Network ensures that institutional clients can now benefit from secure self-custody and seamless dApp integration, while accessing Sui DeFi. We look forward to the evolution of this partnership.”
Contact
Sui Foundation
media@sui.io
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