Sui Foundation partners with BitGo to enable token management

02/17/2023 14:10 • Metaverse Matters • 127 views

On February 17, the Sui Foundation announced that it had reached a cooperation with BitGo, a hosting service provider. In the future, the holders of SUI tokens will be able to manage or pledge tokens through the managed and unmanaged wallets on the BitGo platform.

Sui and BitGo, the hosting service provider, have reached a cooperation

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The Sui Foundation, a company that aims to revolutionize the relationship between consumers and businesses through blockchain technology, announced on February 17th that it had formed a partnership with BitGo, a hosting service provider. Through this partnership, holders of the SUI tokens will be able to manage or pledge their tokens through the BitGo platform’s managed and unmanaged wallets.

The SUI token, which is based on the Ethereum blockchain, is a utility token that serves as the currency for the foundation’s ecosystem. The partnership with BitGo will enable the SUI token holders to manage their assets more effectively and securely through BitGo’s state-of-the-art security and risk management tools.

The managed wallet solution provided by BitGo will enable users to offload the responsibility of securing their private keys to BitGo. Additionally, BitGo’s institutional-grade security solutions will provide a high level of security for SUI token holders’ digital assets.

The unmanaged wallet solution, on the other hand, will allow SUI token holders to retain control of their private keys while still managing their tokens via BitGo’s user-friendly dashboard. This wallet option will also offer advanced features such as multi-signature support, two-factor authentication, and a comprehensive set of APIs for integration with other platforms.

This partnership between the Sui Foundation and BitGo is a significant development in the blockchain space, as it provides a robust and secure platform for token holders to manage their digital assets. By leveraging BitGo’s expertise in security and risk management, the Sui Foundation can offer its token holders additional peace of mind and a higher level of trust in the token ecosystem.

Overall, this partnership is a step in the right direction for the Sui Foundation, as it moves towards its goal of transforming the relationship between consumers and businesses using blockchain technology. By partnering with a reliable and innovative service provider like BitGo, the foundation is delivering on its commitment to provide a secure and efficient platform for its token holders.

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Sui Foundation partners with BitGo to enable token management

Sui and BitGo, the hosting service provider, have reached a cooperation

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