Sygnum Bank broadens its offerings through SUI incorporation
In a significant move for the blockchain industry, Sygnum Bank has announced its partnership with the Sui blockchain, positioning itself as a bridge between traditional finance and the Sui ecosystem. This partnership will provide regulated, institutional-grade custody, trading, lending, and staking services for SUI tokens [1][2][3][4].
The partnership is set to expand institutional access to SUI, allowing professional and institutional clients to safely hold, trade, and soon, stake SUI tokens, and access SUI-backed Lombard loans for liquidity without selling assets [2][3]. Assets held by Sygnum will be structured to be bankruptcy-remote, providing a secure, compliant environment aligned with traditional financial regulations, lowering barriers for institutions with strict compliance needs [2][3][4].
Sygnum's role as a hybrid crypto and traditional finance bank is expected to help Sui build a robust, future-proof treasury, promoting long-term blockchain stability and scalability [1]. By offering bank-grade services and integrating Sui with its regulated platform, Sygnum enhances Sui’s appeal as a mass adoption blockchain suited for a range of uses—DeFi, payments, gaming, tokenization of assets, and BTCfi applications [1][4].
The partnership also aligns with regulatory standards like MiCA and supports institutional capital inflows, helping to mature Sui’s market presence alongside broader crypto market developments, including ETF inclusion efforts [3]. The strategic partnership with Sygnum Bank is seen as pivotal in positioning SUI for broader market recognition and adoption.
AMINA Bank AG, a Swiss financial institution, is also actively supporting SUI, becoming the first globally to offer custody and trading services for SUI [5]. AMINA's approach mirrors Sygnum’s focus on providing early, compliant access to emerging blockchain technologies. In the coming months, AMINA Bank is expected to launch staking for SUI [6].
This partnership is a catalyst for SUI’s institutional adoption, providing a regulated, secure gateway for institutional investors to engage with the Sui blockchain. The move is expected to strengthen Sui’s ecosystem’s security, liquidity, and long-term growth prospects [1][2][3][4]. With Sygnum serving as the official banking partner of the Sui Foundation, these developments are paving the way for deeper institutional involvement in the SUI ecosystem.
Sources: [1] Sygnum Bank Press Release, July 2024 [2] Sui Foundation Announcement, July 2024 [3] Bitwise Asset Management Press Release, August 2024 [4] 21Shares Press Release, September 2024 [5] AMINA Bank AG Press Release, October 2024 [6] AMINA Bank AG Roadmap Update, November 2024
The partnership between Sygnum Bank and the Sui blockchain will expand institutional access to SUI, enabling professional and institutional clients to engage in safe holding, trading, and soon, staking of SUI tokens, and access SUI-backed Lombard loans for liquidity without selling assets, thereby aligning with regulatory standards like MiCA and supporting institutional capital inflows [2][3]. Sygnum, as a hybrid crypto and traditional finance bank, aims to enhance Sui’s appeal as a mass adoption blockchain by offering bank-grade services and integrating Sui with its regulated platform, promoting long-term blockchain stability and scalability [1][4].
