Ika Secures Strategic Investment from Sui Foundation, Total Funding Exceeds $21M

Ika, the world’s fastest parallel MPC network, has announced a strategic investment from SUI Foundation, pushing its total funding to over $21 million. The project, which recently concluded a record-breaking 1.4 million SUI NFT art campaign, is poised to launch on the Sui blockchain.

The network’s sub-second MPC technology enables zero-trust interoperability across blockchains at unprecedented scale, leveraging hundreds of signer nodes with ironclad security. This aligns with Sui’s CORE values of performance, speed, and decentralization.

Ika’s upcoming integration with Sui will empower Move smart contract developers with secure cross-chain capabilities, reinforcing Sui’s position as a leading platform for cross-chain DeFi, decentralized custody, and Chain Abstraction.