• BitGo has become the first qualified custodian to provide custody and staking services to the entire Sui ecosystem, including holders of the SUI token.
• The Sui Foundation has partnered with BitGo to custody its own treasury and stake part of this treasury using BitGo’s wallets.
• This partnership between BitGo and the Sui Foundation is evidence of their commitment to widening the Sui ecosystem.
BitGo Becomes First Custodian to Support Sui Ecosystem
PALO ALTO, Calif.–(BUSINESS WIRE)–The Sui Foundation, dedicated to supporting the SUI ecosystem, today announced that it has partnered with BitGo, the leader in custody and security solutions. Through this partnership, holders of SUI tokens will be able to custody and stake these tokens via custodial and non-custodial wallets on BitGo’s platform.
Sui Foundation Treasury Will Be Held in Qualified Custody
BitGo and the Sui Foundation also announced today that the Sui Foundation will custody its own treasury with BitGo and stake part of this treasury using BitGo’s wallets, further extending this unique partnership.
Partnership Committed To Widening The Ecosystem
“Our partnership with BitGo is evidence of our commitment to widening the Sui ecosystem and creating a diverse community of users inclusive of both institutions and individuals,” said Evan Cheng, Co-Founder and Chief Executive Officer of Mysten Labs, initial contributor to the development of the Sui protocol. “Together, we can make meaningful inroads in broadening the number of people interacting with the Sui ecosystem and ultimately advance our goal of mass Web3 adoption.”
Secure Way To Store And Stake Assets
“BitGo is excited to become the first qualified custodian to provide custody and staking services to the entire Su