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
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