New York,, Sunday, September 8, 2024 – Fordefi has introduced an institutional-grade multiparty computation (MPC) wallet for decentralized finance (DeFi) on the Sui blockchain.
This new development allows institutional users to securely self-custody their private keys while connecting to thousands of decentralized applications (dApps) across various blockchains.
The integration with Sui is expected to increase operational efficiency and provide a streamlined digital asset management through a unified interface and customizable policies.
Meanwhile Sui the Layer 1 blockchain known for its scalability and performance also announced that it would work with Fordefi to deliver a secure institutional solution.
The collaboration offers enterprises, such as asset managers, trading firms, and exchanges, access to a comprehensive platform that simplifies their digital asset operations.
The solution enhances security and ensures seamless connectivity to DeFi functionalities, making it easier for institutions to manage assets while leveraging Sui’s capabilities.
Reports said that the integration marked a significant milestone for the Sui ecosystem, as Fordefi becomes the first institutional-grade custody solution providing convenient access to DeFi on Sui, enabling institutions to drive further adoption of decentralized technologies.
