Sygnum Bank Integrates SUI Token to Enhance Institutional Services
Sygnum Bank has officially integrated SUI, the native token of the Sui blockchain, into its regulated banking platform. This move aims to enhance services for institutional clients, including:
- Custody
- Trading
- Staking
- Treasury services
This integration supports the scaling of Sui's ecosystem for global finance. Sygnum is also the banking partner for the Sui Foundation, broadening its reach to professional and institutional investors.
Christian Thompson from the Sui Foundation emphasized Sygnum's expertise in digital assets as a key factor in their partnership. Future plans include offering staking and Lombard loans for SUI.
SUI has recently gained traction, particularly following Donald Trump's presidential election victory in November 2024. AMINA Bank AG became the first regulated bank to offer custody and trading services for SUI, facilitating early access to new technologies.
Interest in SUI is further evidenced by multiple ETF filings, including applications from Canary Capital, 21Shares, and Bitwise.