Ika’s $21M Funding Boost with SUI Foundation Backing Signals Major Leap in Cross-Chain MPC Tech

Ika, the world’s fastest parallel MPC network, has secured a strategic investment from SUI Foundation, pushing its total funding past $21 million. The network—preparing to launch on Sui blockchain—recently completed a record-breaking 1.4 million SUI NFT art campaign.

Ika’s sub-second MPC technology enables zero-trust interoperability between blockchains at unprecedented scale, supporting hundreds of signer nodes with military-grade security. The partnership aligns with Sui’s CORE values of performance, speed, and decentralization, positioning Ika as a critical infrastructure provider for cross-chain DeFi and institutional-grade custody solutions.

The integration of Ika’s MPC tech with Sui Move smart contracts will give developers bulletproof interoperability across Web3, reinforcing Sui’s dominance in Chain Abstraction and cross-chain innovation.