Sui (https://sui.io/) the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, has recently teamed up with Fordefi, a company specializing in multiparty computation (MPC) technology, to introduce a secure institutional wallet platform for DeFi. Fordefi’s platform and Web3 gateway are designed to provide enterprise-grade solutions for builders, traders, and operators, enabling them to self-custody their private keys, seamlessly connect to a myriad of decentralized applications (dApps) across various blockchains, and manage digital asset operations with customizable policies and a user-friendly interface.
The integration of Fordefi with Sui offers institutional users the ability to securely self-custody their private keys and access a diverse range of dApps across multiple blockchains. This ensures full control over digital assets, improves operational efficiency, and streamlines digital asset management processes. Moreover, the platform offers customizable policies to safeguard workflows and consolidates digital asset operations into a unified interface, providing a comprehensive asset management solution.
According to Gap Kim, Global Head of Marketing for Sui Foundation, “Sui’s scalable and secure platform is uniquely positioned to meet the needs of institutional users. By offering a secure custody solution and seamless access to DeFi features, Fordefi empowers asset managers, trading firms, and exchanges to fully capitalize on Sui’s capabilities, thereby enhancing the Sui ecosystem and driving broader adoption.”
With this partnership, Fordefi becomes the first institutional-grade custody solution to provide easy access to DeFi functionalities on the Sui blockchain. This integration benefits asset managers, trading firms, exchanges, and other institutional entities by offering a reliable and secure wallet-as-a-service solution.
Josh Schwartz, CEO and Co-Founder of Fordefi, expressed excitement about adding support for the Sui Network, stating, “Enabling our MPC wallet on Sui Network allows institutional clients to securely self-custody their assets, seamlessly integrate dApps, and access Sui DeFi. We are eager to see how this partnership evolves.” This collaboration marks a significant step forward in providing advanced solutions for institutional users in the crypto and NFT space.
