According to BlockBeats, Sui has entered into a partnership with custodial service provider Copper to increase its appeal to institutional funds. Greg Siourounis, the General Manager of the Sui Foundation, has announced the introduction of new staking custody features and other decentralized financial functions. These additions are aimed at providing more options for customers issuing stablecoins and Real World Assets (RWA).
Siourounis has expressed that the collaboration with Copper will enable Sui to offer a wider range of services to its clients. The new features will not only enhance the security of the platform but also increase its functionality. This move is expected to attract more institutional funds, thereby expanding Sui's customer base.
The partnership is a strategic move for Sui as it seeks to strengthen its position in the decentralized finance sector. By offering more options to its customers, Sui is positioning itself as a versatile platform that can cater to the diverse needs of its clients. The introduction of staking custody features and other decentralized financial functions is a significant step towards achieving this goal.
