ZUG, Switzerland, April 28, 2025, ChainWire
Ika, the world’s fastest parallel MPC network to be launched on the SUI blockchain, has revealed its strategic investment from the SUI Foundation after recently signing a record-breaking 1.4m SUI NFT art campaign at SUI. IKA is the first subsecond MPC network, enabling zero trust interoperability between blockchains at an unprecedented scale across hundreds of signer nodes with Ironclad security.
IKA matches the core values of performance, speed, and distributed SUI. With its upcoming launch on the SUI blockchain, Ika offers unparalleled MPC technology, with SUI Move Smart Contract developers secure interoperability across all Web3s. This records the SUI’s position as the best solution for cross-chain defi, distributed detention, chain abstraction, AI agent guardrail, native Bitcoin programmerism and more.
IKA: Set new benchmarks with MPC technology
IKA leverages the new 2PC-MPC encryption scheme and SUI’s Mysticeti consensus protocol to address the critical limitations of existing MPC networks to deliver unprecedented performance.
Record-Breaking Throughput: IKA can scale to handle up to 10,000 times more transactions than current MPC networks, allowing for unprecedented volumes. Minimum Latency: While traditional networks can be delayed by more than 30 seconds, Ika generates signatures at second rate, allowing real-time applications across the chain. Extreme Scalability: IKA transcends the typical 4-8 node limit, and 2PC-MPC can scale to hundreds, potentially thousands of signers, enhancing decentralization without compromising performance. Zero Trust Security: IKA’s architecture keeps user assets safe even in the worst-case scenarios, setting new standards for distributed security.
IKA Use Case: Web3 Game Changer
IKA’s ultra-fast MPC network powers a wide range of applications on the SUI blockchain, with multiple SUI builders already using IKA to build their technology.
Defi Interoperability: IKA’s sub-second speed and scalability allow instant and secure operations across all Web3 ecosystems, bringing liquidity to SUI from chains like Bitcoin and Ethereum. Sui Builders, Full Sail and Rhei have used Ika to announce their upcoming releases. Decentralized Detention: IKA offers a secure, decentralized custody solution on the SUI blockchain of digital assets, providing unparalleled security for institutions and individual users. SUI Builder, Aeon and Human Technology have announced the upcoming integration of Ika into technology. Chain Abstraction: In IKA, SUI builders abstract the complexity of multiple chains of users, and other SUI features such as Zklogin to provide the perfect user experience. Sui Builders’ Covault and Lucky Kat have announced future integrations to Ika’s technology. Programmable Bitcoin: IKA unlocks new possibilities for native BTC on SUI and has programmable, secure definition and custody. Native and Nativerse SUI Builders have used IKA to announce future releases. AI Agent Guardrail: IKA enhances SUI’s AI applications by providing secure MPC guardrails, ensuring that AI agents do not have fully checked power and protect user assets. Sui Builders Atoma and Ekko have announced their upcoming releases using Ika.
A vision that is supported by industry leaders and accepted by the community
The SUI Foundation’s strategic investment in IKA emphasizes SUI’s commitment to promoting cutting-edge technologies that promote high performance and decentralisation missions. This will enhance the technological synergies within the SUI ecosystem, placing both SUI and IKA at the forefront of the Web3 revolution, moving forward the future of secure, scalable, distributed infrastructure.
With over $21 million in funding and a peak private value of $600M FDV, Ika is backed by dozens of key players in the Web3 space, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Distributed Capital, Insignia Capital, Frustrating Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flow Desk, TPC Ventures, Spari Chain Capital, Soldao, Hero Ventures, Navy Ravikant, NOTVCS, G-20 Group, Artifact Capital, DSRV, and many more.
Ika also launched the “MF Squid Market” NFT Art campaign, the largest and most successful NFT campaign in SUI history, receiving SUI over 1.4m, creating a strong, active grassroots community in the process, demonstrating strong adoption from SUI users.
The IKA token will soon be launched natively and natively on the SUI blockchain, unlocking new features and utilities with decentralized security. As a native token for the IKA MPC network, IKA provides ultra-fast, scalable infrastructure power, acts as a payment tool for MPC’s signature services, and plays a pivotal role in enabling seamless transactions across the Web3 space. By leveraging SUI’s unparalleled speed and performance, Ika will improve the overall security and scalability of the ecosystem, adding blockchain’s most promising MPC technology to the fastest growing L1 in Web3.
About squid
IKA is the fastest parallel MPC network, offering 1 second latency, unprecedented scale and decentralization, and zero trust security. As the best choice for interoperability, decentralized custody and chain abstraction, IKA is set up to revolutionize the security of digital assets and multi-chain obligations. Users can learn more here
About sui
SUI is the first-looking Layer 1 blockchain and smart contract platform designed from the bottom to make digital assets ownership fast, private, secure and accessible to everyone. Based on the mobile programming language, its object-centric model allows for parallel execution, subsecond finality, and rich on-chain assets. With horizontally scalable processing and storage, SUI supports a wide range of applications at low cost and unparalleled speeds. SUI is a gradual advance in blockchain, a platform that allows creators and developers to build amazing, user-friendly experiences. Users can find more details at https://sui.io
contact
Ika PR
pr@ika.xyz
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