Ika Launches Mainnet for Native Cross-Chain Asset Control on Sui Blockchain

Ika, a blockchain infrastructure provider, has launched its mainnet to enable native cross-chain asset management on the Sui blockchain. The platform introduces a zero-trust multiparty computation (MPC) network, allowing Sui-based smart contracts to control assets across multiple chains—including Bitcoin, Ethereum, and various L1/L2s—without bridges, token wrapping, or third-party intermediaries. This development addresses common risks in cross-chain solutions, such as bridge vulnerabilities and wrapped token dependencies, by decentralizing asset control through cryptographic protocols [1].

Central to Ika’s architecture are dWallets, a decentralized, programmable, and transferable signing mechanism. These wallets enable collaborative transaction signing between users and the Ika network, governed by smart contract logic. This design enhances security for developers and institutions managing assets across blockchains. The platform’s 2PC-MPC protocol, previously deemed impractical for decentralized use due to latency and scalability constraints, now delivers sub-second transaction speeds and linear scalability without compromising decentralization. The network supports global participation from hundreds of operators [1].

The IKA token, the platform’s native asset, underpins the network’s proof-of-stake consensus mechanism. It facilitates transaction fees, spam prevention, operator rewards, and governance. Early adopters include Sui-based projects like Native, Human Tech, Rhei Finance, and Eko, showcasing the protocol’s adaptability for multi-chain applications. Users can now deploy cross-chain solutions, participate as network validators, or interact directly with the Ika ecosystem [1].

Omer Sadika, Ika’s co-founder, emphasized the launch as a “paradigm shift” in blockchain interoperability, enabling zero-trust asset control on Sui and expanding opportunities for developers and institutions. The platform’s focus on eliminating centralized intermediaries aligns with growing demand for trustless, decentralized infrastructure in cross-chain operations [1].

Source: [1] Ika Announces Mainnet Launch to Enable Native Cross-Chain Asset Control on Sui Blockchain (https://zycrypto.com/ika-announces-mainnet-launch-to-enable-native-cross-chain-asset-control-on-sui-blockchain/)