Zero Hash Enhances Sui Blockchain Accessibility, According to Chainwire

Grand Cayman, Cayman Islands, July 11th, 2024

Zero Hash, a leading platform for crypto and stablecoin infrastructure, has announced that its customers can now enable the SUI token from Sui, a Layer 1 blockchain, in selected jurisdictions.

Sui is engineered to deliver exceptional speed, security, and scalability, facilitating near-instant transaction finality while supporting an impressive capacity of up to 297,000 transactions per second. Leveraging the innovative Move programming language, Sui allows developers to create advanced and secure smart contracts. With over four billion transactions already processed, Sui demonstrates its ability to handle large-scale applications.

Zero Hash provides a comprehensive technical and regulatory infrastructure that ensures compliant transactions for fiat, crypto, and stablecoins. Through its APIs and SDKs, businesses can seamlessly integrate blockchain technology, including Sui, with minimal friction. With access to over 65 digital assets and 22 blockchains, including Sui, Zero Hash empowers companies to develop interconnected and interoperable crypto and stablecoin products for a new era of money movement and value transfer.

Greg Siourounis, Managing Director of the Sui Foundation, expressed enthusiasm about the partnership: “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 access the Sui technology platform.”

Joaqin Ayuso de Paul, Global Head of Product at Zero Hash, added, “Integrating the SUI blockchain into Zero Hash’s ecosystem exemplifies our commitment to providing customers with simplified and compliant access to innovative technology for enhanced global value transfer.”

About Sui

Sui is a unique Layer 1 blockchain and smart contract platform built to ensure that digital asset ownership is fast, private, secure, and accessible. Its object-centric model, rooted in the Move programming language, allows for parallel processing, sub-second finality, and a variety of rich on-chain assets. With horizontally scalable processing and storage capabilities, Sui is suitable for various applications, delivering unparalleled speed at a low cost.

About Zero Hash

Zero Hash serves as a B2B2C crypto-as-a-service infrastructure platform, enabling any platform to quickly and easily embed digital assets into their customer experiences through straightforward API endpoints. Its comprehensive solution manages the complexity of backend operations and regulatory licensing necessary for crypto products.

Through its subsidiaries, Zero Hash supports neo-banks, broker-dealers, payment groups, and non-financial brands in offering crypto and stablecoin products. The company is backed by notable investors.

Zero Hash LLC is a registered Money Service Business and regulated Money Transmitter operating across 51 US jurisdictions. It holds licensing for virtual currency business from the New York State Department of Financial Services and is registered in Canada as a Money Service Business. The company also has registrations in Australia and New Zealand, allowing it to provide crypto services in those regions, though these registrations do not imply active regulatory oversight in New Zealand.

Zero Hash Europe B.V. is recognized as a Virtual Asset Services Provider by the Dutch Central Bank, while Zero Hash Europe Sp. Zoo is registered as a VASP in Poland.

Disclosures

Not all of Zero Hash’s services and products may be available in every jurisdiction. Accounts with Zero Hash are not protected by FDIC or SIPC, or any similar protections that may exist outside the US. The technical support from Zero Hash does not imply endorsement or recommendation for any cryptocurrency or digital asset. The value of any cryptocurrency, including those pegged to fiat or other assets, can decline to zero.

For further inquiries, please contact the Sui Foundation.