Ika Network Debuts, Letting Sui Smart Contracts Manage Cross-chain Assets

Ika Network introduces a breakthrough in cross-chain interoperability by launching its MPC network on Sui. Through the novel DWalletCap object, Sui smart contracts can now natively manage assets on external blockchains like Bitcoin and Ethereum, eliminating the need for traditional bridges and transforming Sui into a decentralized coordination hub.

Key Ideas

DWalletCap allows Sui smart contracts to generate valid signatures for external blockchain accounts, enabling direct asset control without bridging.
Ika leverages Sui’s Mysticeti consensus engine to deliver up to 10,000 TPS and zero-trust security, enabling scalable and secure cross-chain applications.

Why It Matters?

Now interoperable dApps can be built on Sui that control native assets on other chains, such as Bitcoin or Ethereum, without relying on wrapped tokens or bridges. Developers should explore Ika’s documentation and begin experimenting with DWalletCap objects on Sui’s testnet to prototype secure, multi-chain applications. Strategic investments in Ika-like technologies could future-proof offerings and reduce systemic risks tied to legacy cross-chain dApps and infrastructure.