This content originally appeared on HackerNoon and was authored by Chainwire
GRAND CAYMAN, Cayman Islands, August 28th, 2024, Chainwire--Fordefi brings institutional-grade security to the Sui Network.
\ Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined forces with Fordefi, a company that employs multiparty computation (MPC) technology to deliver a secure institutional wallet platform for DeFi.
\ Fordefi's comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface.
\ Fordefi’s integration with Sui enables institutional users to securely self-custody their private keys and connect to thousands of dApps across various blockchains, ensuring complete control over their digital assets, enhancing operational efficiency, and dramatically 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.
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“Sui’s scalable, secure platform is uniquely suited to meet the demands of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “By providing a secure, institutional-grade custody solution and seamless access to DeFi features, Fordefi empowers asset managers, trading firms, and exchanges to fully leverage Sui’s capabilities, enhancing the Sui ecosystem and driving further adoption.”
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\ With this collaboration Fordefi becomes the first institutional-grade custody solution to offer convenient access to DeFi functionalities on the Sui blockchain.
\ This integration benefits asset managers, trading firms, exchanges, and other institutional entities by providing a reliable and secure wallet-as-a-service.
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“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
:::tip This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.
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This content originally appeared on HackerNoon and was authored by Chainwire
Chainwire | Sciencx (2024-08-28T15:02:25+00:00) Fordefi Unveils First Institutional-Grade MPC Wallet For DeFi On Sui. Retrieved from https://www.scien.cx/2024/08/28/fordefi-unveils-first-institutional-grade-mpc-wallet-for-defi-on-sui/
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