Grand Cayman, Cayman Islands, August 28, 2024, Chainwire
Fordefi Introduces Institutional-Grade Security to Sui Network
Sui, a Layer-1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has partnered with Fordefi, which employs multi-party computing (MPC) technology to provide a secure institutional wallet platform for DeFi. Fordefi's comprehensive platform and Web3 gateway delivers an enterprise-grade solution that enables builders, traders and operators to self-manage private keys, seamlessly connect to thousands of decentralized applications (dApps) on any blockchain, and manage the operation of their digital assets with granular policies and a unified interface.
Fordefi's integration with Sui allows institutional users to securely self-manage their private keys and connect to thousands of dApps on various blockchains to gain full control over their digital assets, increase operational efficiency, and greatly simplify digital asset management. The platform also offers customizable policies to secure 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 perfectly suited to meet the demands of institutional users,” said Gap Kim, Global Head of Marketing at Sui Foundation. “By providing a secure, institutional-grade custody solution and seamless access to DeFi capabilities, Fordefi will enable asset managers, trading firms and exchanges to take full advantage of Sui's capabilities, strengthening the Sui ecosystem and encouraging further adoption.”
With this collaboration, Fordefi becomes the first institutional-grade custody solution to offer convenient access to DeFi capabilities on the Sui blockchain. The integration will benefit asset managers, trading firms, exchanges and other institutions by providing a reliable and secure wallet-as-a-service.
“We're excited to add support for the Sui Network,” said Josh Schwartz, CEO and co-founder of Fordefi. “Enabling MPC wallets on the Sui Network will allow institutional investors to access Sui DeFi while enjoying the benefits of secure self-custody and seamless dApp integration. We look forward to developing this partnership.”
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