Two leading Swiss banks, Sygnum and Amina Bank, have announced the launch of new services aimed at supporting the SUI blockchain, attracting the attention of institutional investors.
Sygnum Offers Services for SUI
Swiss crypto asset bank Sygnum is launching a range of services related to the SUI network targeted at institutional investors. These services include custody, trading, and credit facilities, allowing for legally compliant management of investments in SUI within Switzerland.
Amina Bank's Role in SUI Trading
Another Swiss financial institution, Amina Bank, has also entered the space by announcing its provision of trading and custody services for SUI. Amina Bank claims to be the first regulated entity to offer such services for this asset, fostering increased institutional engagement. Following these announcements, SUI's trading volume surged to 36.45 million units, doubling its recent trading average.
Unique Features of Sui in the Blockchain Space
Developed by Mysten Labs, Sui is distinguished by its ‘object’ data structure, enhancing scalability through cost-effective and rapid transactions. Increased access provided by banks could boost Sui’s appeal to developers and strengthen its real-world applications.
The initiatives introduced by Swiss banks to support SUI may significantly enhance interest in blockchain within the financial sector and expand its utility if demand for these services remains high.
