🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Fireblocks announces integration with Sui: Digital asset management adds SUI on-chain assets.
Fireblocks announced that it has connected to the SUI public chain, adding SUI on-chain assets to the digital assets that can be configured for traditional financial institutions. (Background: After being hacked, the source of faith: Why SUI still has potential for long-term rise?) (Background information: Microsoft will support BTC, ETH, SUI, with Microsoft Fabric offering free integration of real-time on-chain data) The public chain Sui has officially integrated with the digital asset custody platform Fireblocks, opening up secure configurations of encrypted assets on SUI for banks, hedge funds, and fintech companies. According to Fireblocks' official blog, platform customers can now custody, transfer, and manage native SUI tokens and Sui ecosystem assets within the same interface. Fireblocks claims that using multiparty computation (MPC) technology, allowlist restrictions, and multi-signature mechanisms reduce operational risks, addressing the traditional finance requirements for asset security and regulatory compliance: "The integration of Sui will further expand institutional users' access to high-performance DeFi." Introduction to the Sui public chain Sui uses an object-oriented data model and parallel transaction execution, achieving a theoretical throughput of 297,000 transactions per second (TPS), with final confirmations completed in milliseconds. Smart contracts are written in the Move language, which helps prevent most common vulnerabilities. The block confirmation mechanism is based on proof of stake (PoS) consensus, in conjunction with the Narwhal-Tusk protocol to maintain decentralization and security; Sui also provides zero-knowledge login (zkLogin), allowing users to log in with Web2 credentials such as Google accounts, lowering the entry barrier for newbies. In terms of DeFi ecosystem expansion, the current total locked value (TVL) has reached approximately 2.2 billion USD, with monthly decentralized exchange (DEX) volumes breaking through 7 to 8 billion USD. Major institutions such as Grayscale, Franklin Templeton, and VanEck are exploring product structuring on Sui, and some teams have even pushed for SUI-related ETF applications. Related reports Paxos launches Paxos Labs: helping enterprises deploy DeFi and stablecoin applications, moving towards a global on-chain financial infrastructure. Traffic entry, wallets are still losing to CEX. The article "Fireblocks announces integration with Sui: Digital asset management adds SUI on-chain assets" was first published in BlockTempo, the most influential blockchain news media.