Sui, a Layer 1 blockchain known for its high performance and scalability, has partnered with Fordefi, a company specializing in secure institutional wallet solutions using multiparty computation (MPC) technology. This collaboration aims to provide institutional users with a secure platform to self-custody their private keys and access thousands of decentralized applications (dApps) across various blockchains. By integrating with Sui, Fordefi offers a comprehensive solution for asset managers, traders, and operators to manage digital assets efficiently. The partnership enables institutional clients to benefit from secure custody solutions and seamless access to DeFi features on the Sui blockchain. Fordefi becomes the first institutional-grade custody provider to offer convenient DeFi access on Sui Network, enhancing the ecosystem and driving adoption among asset managers and trading firms. This collaboration marks a significant step towards bridging the gap between institutional finance and decentralized technologies. Read more AI-generated news on: https://app.chaingpt.org/news