bitcoin
Bitcoin (BITCOIN)
$116,449 -0.77%
ethereum
Ethereum (ETHEREUM)
$4,051 4.97%
binancecoin
BNB (BINANCECOIN)
$794.85 1.79%
solana
Solana (SOLANA)
$177.65 3.19%
ripple
XRP (RIPPLE)
$3.30 6.17%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 4.25%
pepe
Pepe (PEPE)
$0.000012 8.37%
bonk
Bonk (BONK)
$0.000027 2.52%
bitcoin
Bitcoin (BITCOIN)
$116,449 -0.77%
ethereum
Ethereum (ETHEREUM)
$4,051 4.97%
binancecoin
BNB (BINANCECOIN)
$794.85 1.79%
solana
Solana (SOLANA)
$177.65 3.19%
ripple
XRP (RIPPLE)
$3.30 6.17%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 4.25%
pepe
Pepe (PEPE)
$0.000012 8.37%
bonk
Bonk (BONK)
$0.000027 2.52%
bitcoin
Bitcoin (BITCOIN)
$116,449 -0.77%
ethereum
Ethereum (ETHEREUM)
$4,051 4.97%
binancecoin
BNB (BINANCECOIN)
$794.85 1.79%
solana
Solana (SOLANA)
$177.65 3.19%
ripple
XRP (RIPPLE)
$3.30 6.17%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 4.25%
pepe
Pepe (PEPE)
$0.000012 8.37%
bonk
Bonk (BONK)
$0.000027 2.52%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Sygnum Bank Integrates SUI for Custody, Trading, and Staking Services

Highlights:

  • Sygnum Bank integrates SUI to offer regulated services for institutional investors.
  • SUI support boosts institutional access to the Sui blockchain ecosystem.
  • Sygnum’s services include custody, trading, staking, and collateral-backed loans.

Global digital asset banking group Sygnum Bank has announced the integration of the SUI native token of the Sui blockchain into its regulated platform. The expansion will enable institutional customers to gain exposure to a collection of services. This includes custody, trading, staking, and lending services. Through this move, Sygnum reinforces its status as a top player in the area of regulated digital asset services to professional investors.

Advertisement

Banner

Sygnum Bank Integrates SUI with Full Institutional Support

Sygnum now offers secure, Swiss-regulated custody for SUI tokens, allowing institutions to store their assets off-balance sheet. This minimizes exposure to exchange risk and increases the security of institutional investors. Together with custody, Sygnum delivers direct trading services on SUI with on-chain and fiat settlement available. This allows clients to acquire and sell SUI conveniently with the protection of Sygnum’s regulatory coverage.

Furthermore, Sygnum intends to launch SUI staking services in the next several months. This will enable clients to generate rewards on their own holdings, further adding to the utility of SUI in institutional portfolios. Moreover, in the near future, Sygnum will provide Lombard loans that will allow clients to borrow money using their SUI holding without selling it, providing increased liquidity.

The Strategic Partnership Between Sygnum and Sui Foundation

The collaboration of Sygnum Bank and Sui Foundation is essential to the development of the SUI in institutional markets. Christian Thompson, Managing Director of the Sui Foundation, said:

“The crypto-native team at Sygnum as well as their robust infrastructure, makes them the bank of choice to us. As we scale the Sui ecosystem further, their controlled platform offers the needed protection and the assurance that institutions investors require.”

This partnership enables SUI to greatly expand its institutional coverage. As a result of Sygnum’s secure, compliant service, SUI will be able to draw in a broader base of professional investors. The infrastructure of the bank allows global financial institutions to work with SUI in a regulated environment. Consequently, this supports the broader adoption of the Sui blockchain.

In addition to SUI integration, Sygnum has taken steps with other notable updates. Among those developments is the inclusion of Deribit in its off-exchange custody offering. This collaboration aids institutional traders to store their digital assets safely with Sygnum and take advantage of the liquidity of Deribit. The integration is part of Sygnum’s efforts to meet the rising needs of providing secure, regulated digital asset services.

Growing Institutional Interest in SUI

There is also rising institutional interest in SUI. The Swiss-based financial institution, AMINA Bank AG, which is regulated by FINMA, has recently introduced support for SUI custody and trading. Moreover, SUI is being embraced by leading ETF issuers. Canary Capital and 21Shares have applied or incorporated SUI into their crypto index ETFs. Sui’s blockchain native token, SUI, has seen a price uptick recently, surging by 8% and 30% on the weekly and monthly charts. As of this writing, SUI is trading around $3.80 with a market cap of $13 million.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner