Fordefi Reveals First Institutional-Grade MPC Wallet for DeFi on Sui

Sui, the Layer 1 blockchain, has recently partnered with Fordefi, a company specializing in multiparty computation (MPC) technology for secure institutional wallet platforms in the DeFi space. Fordefi offers a robust platform and Web3 gateway that empowers developers, traders, and operators to take control of their private keys, effortlessly connect to numerous decentralized applications (dApps) on any blockchain, and efficiently manage digital asset operations using customizable policies and a user-friendly interface.

Fordefi’s integration with Sui allows institutional users to securely self-custody their private keys and connect to thousands of dApps across blockchains. This ensures absolute control over their digital assets, improves operational efficiency, and greatly simplifies digital asset management. The platform also provides customizable policies to safeguard workflows and combines all digital asset operations into a unified interface, offering a comprehensive and user-friendly asset management solution.

“Sui’s scalable, secure platform is uniquely suited to meet the demands of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “By providing a secure, institutional-grade custody solution and seamless access to DeFi features, Fordefi empowers asset managers, trading firms, and exchanges to fully leverage Sui’s capabilities, enhancing the Sui ecosystem and driving further adoption.”

Through this partnership, Fordefi provides institutional-grade custody services with seamless access to DeFi features on the Sui blockchain. This integration offers a reliable and secure wallet-as-a-service, benefiting asset managers, trading firms, exchanges, and other institutional entities.

“We are excited to add support for Sui Network,” said Josh Schwartz, CEO and Co-Founder of Fordefi. “Enabling our MPC wallet on Sui Network ensures that institutional clients can now benefit from secure self-custody and seamless dApp integration while accessing Sui DeFi. We look forward to the evolution of this partnership.”