12 May 2023 – Qredo, a leading provider of institutional-grade digital asset self-custody solutions, today announced a partnership with Mysten Labs, a Web3 infrastructure company and original contributor to the Sui Layer 1 blockchain. Through this partnership, Qredo will be the first enterprise-grade wallet provider to integrate on Sui protocol.
Qredo's broader integration with Sui protocol will initially be in beta, with a general release to follow. Users can sign up on the Qredo website to participate in the beta program and gain early access to the Qredo-integrated Sui Wallet.
Institutions, developers and individual users will be able to safely and securely sign transactions across hundreds of dApps on Sui using Qredo's customizable governance protocols. These transactions are secured by Qredo's distributed multi-party computation (MPC), which greatly mitigates security risks such as private key theft or loss.
"Qredo and Mysten Labs align on a shared vision: providing fast, scalable and secure access to crypto ecosystems. Qredo's integration with Sui Wallet delivers a custody solution with unmatched security and governance controls. Together we're making institutional-grade transactions on Sui possible from day one."
– Julien Auchecorne, Chief Commercial Officer at Qredo
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta's Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for Web3.
Learn more: https://mystenlabs.com
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
Learn more: https://sui.io
Qredo is a leading provider of institutional-grade digital asset self-custody solutions. The company's distributed multi-party computing (dMPC) technology provides a secure and regulated environment for users to store, transfer, and manage their digital assets.
Learn more: https://www.qredo.com