Finance
Zero Hash Integrates Sui Blockchain Accessibility
Global Banking & Finance Review®
Company
Grand Cayman, Cayman Islands, July 11th, 2024, Chainwire
Grand Cayman, Cayman Islands, July 11th, 2024, Chainwire
Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced that its platform customers can now enable the SUI token from Sui, the Layer 1 blockchain in permitted jurisdictions.
Sui was designed with the objective of providing unparalleled speed, security, and scalability. It achieves near instant transaction finality and supports up to 297,000 transactions per second. Utilizing the innovative Move programming language, Sui enables developers to build advanced, secure smart contracts. The Sui blockchain has already processed over four billion transactions, showcasing its capability to support large-scale applications and services.
Zero Hash’s full stack technical and global regulatory infrastructure facilitates the compliant movement of value of fiat, crypto, and stablecoins. Zero Hash’s APIs and SDKs enable businesses to seamlessly embed blockchain technology, including Sui, with minimal friction. With access to over 65 digital assets and 22 blockchains, now including Sui, Zero Hash powers businesses to build highly connected and interoperable crypto and stablecoin products, for the new era of money movement and value transfer.
Greg Siourounis, Managing Director of the Sui Foundation, commented, “We are thrilled that Zero Hash now supports Sui. Zero Hash’s infrastructure is vital for connecting fiat and crypto economies, making it easier for businesses and users to interact with the Sui technology platform.”Joaqin Ayuso de Paul, Global Head of Product at Zero Hash, added, “The integration of SUI blockchain into Zero Hash’s ecosystem is another example of us providing our customers simplified and compliant access to innovative technology to design new and improved ways to move value globally.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground 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. For more information about Sui, users can visit https://sui.io.
About Zero Hash
Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that allows any platform to embed digital assets natively into their own customer experience quickly and easily through a matter of API endpoints. Zero Hash’s turnkey solution handles the entire backend complexity and regulatory licensing required to offer crypto products.
Zero Hash Holdings, through its subsidiaries, powers neo-banks, broker-dealers, payment groups as well as non-financial brands to offer crypto and stablecoin-powered products.
Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.
Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.
Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001. This registration enables Zero Hash to offer its crypto services in Australia. Zero Hash Australia Pty Ltd. is registered on the New Zealand register of Financial Service providers, with Financial Service Provider (FSP) number FSP1004503. A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services. Zero Hash Australia Pty Ltd.’s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator. Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) registration by the Dutch Central Bank (Relation number: R193684). Zero Hash Europe Sp. Zoo is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW – 1212).
Users can connect with Zero Hash on LinkedIn, or visit www.zerohash.com for more information.
*Disclosures
Zero Hash services and product offerings may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.
Sui Foundation
media@sui.io
Cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. It operates on a technology called blockchain.
A smart contract is a self-executing contract with the terms of the agreement directly written into code. It automatically enforces and executes the terms when conditions are met.
A stablecoin is a type of cryptocurrency that is pegged to a stable asset, such as a fiat currency or commodity, to minimize price volatility.
A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It can be hardware-based or software-based.
Explore more articles in the Finance category
