Unlocking the Future of Finance: Fordefi and Sui Network Revolutionize DeFi Security
Grand Cayman, Cayman Islands, August 28th, 2024, Chainwire
Fordefi, the pioneer in institutional-grade security, has teamed up with Sui Network, the cutting-edge Layer 1 blockchain renowned for its exceptional performance and limitless scalability. By integrating Fordefi’s multiparty computation (MPC) technology, Sui Network is now equipped with a secure institutional wallet platform for DeFi.
Fordefi’s state-of-the-art platform and Web3 gateway offer a sophisticated solution for builders, traders, and operators to self-custody their private keys, seamlessly access thousands of decentralized applications (dApps) across multiple blockchains, and manage digital asset operations with precision and simplicity.
The collaboration between Fordefi and Sui Network empowers institutional users to take control of their digital assets securely and effortlessly connect to a plethora of dApps across diverse blockchains. This integration enhances operational efficiency, streamlines asset management, and provides a user-friendly interface for comprehensive digital asset operations.
“Sui’s platform, known for its scalability and security, aligns perfectly with the needs of institutional users,” stated Gap Kim, Global Head of Marketing for Sui Foundation. “By offering a secure custody solution and seamless access to DeFi features, Fordefi enables asset managers, trading firms, and exchanges to maximize the potential of Sui Network, fostering further adoption and growth within the ecosystem.”
With Fordefi as the first institutional-grade custody solution to offer easy access to DeFi functionalities on the Sui blockchain, asset managers, trading firms, exchanges, and other institutional entities can now benefit from a reliable and secure wallet-as-a-service.
“The addition of Sui Network support is a significant milestone for us,” said Josh Schwartz, CEO and Co-Founder of Fordefi. “By bringing our MPC wallet to Sui Network, we are enabling institutional clients to securely self-custody their assets and seamlessly integrate with dApps, while tapping into the world of Sui DeFi. We are excited about the potential of this partnership.”
Contact Sui Foundation at media@sui.io
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