Main Takeaways
- Sui is among only a handful of blockchains Erebor supports, linking regulated banking infrastructure with onchain payment rails.
- Stablecoin deposits and withdrawals on Sui are already available for Erebor customers, bringing faster transactions directly to the modern banking sector.
- Erebor Bank plays a key role in Sui’s focus on faster financial infrastructure, where money moves around the globe 24/7, as seamlessly as messages.
Overview
Sui is now one of only a handful of blockchains integrated by Erebor Bank, N.A., a U.S. national bank built for the innovation economy, bridging the gap between regulated banking infrastructure and always-on global stablecoin payments.
By bridging Sui with regulated banking infrastructure and major payment rails, Erebor plays a critical role in transforming Sui’s onchain assets into a viable engine for a new, interconnected crypto-to-fiat global economy. For builders on Sui, it gives them “last mile” connectivity between capital held on crypto rails and traditional financial tools like treasury management, lending, and settlement.
As part of its path to launch, Erebor Bank, N.A. received national charter approval from the Office of the Comptroller of the Currency (OCC), making it one of the few new U.S. banks created from the ground up in the digital finance era. Instead of layering digital asset services onto legacy systems, Erebor also built its own banking core to support modern transaction patterns, including blockchain-enabled settlement.
Regulated Banking Meets Always-On Infrastructure
Sui is designed for a world where value moves at internet speed. Created by the team behind Meta’s original stablecoin efforts, Libra and Diem, it introduces an object-based architecture that makes assets, permissions, and data programmable and directly owned onchain.
And that foundation is already translating into global payments activity at scale. Since August of last year, Sui has processed over $1 trillion in stablecoin transfer volume, highlighting accelerating adoption across global payments flows.
“Modern global finance should be always on, global by default, and programmable, just like the internet has already been for decades,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs, the original contributor to Sui. “Sui was built so money can move as freely as messages, and as Erebor builds a bank designed for that same world, this partnership brings regulated banking and programmable payment infrastructure closer together.”
To learn more about how Sui meets the needs of institutions, visit https://www.sui.io/institutions-capital-markets.
Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.
