Sygnum, a Swiss digital asset bank, has announced the launch of new services for the Sui blockchain in Switzerland and Singapore. This event marks a significant step in institutional investment.
Launch of Sygnum Services for Sui
Sygnum has launched custody, trading, and lending services for the Sui blockchain, enabled by a partnership with the Sui Foundation initiated in July 2025. The new service aims to increase institutional interest, facilitating access to decentralized ecosystems.
Market and Liquidity After Announcement
Following the announcement, the price of the SUI token increased by 8.6%, indicating a rise in liquidity and trading volumes. This step is aimed at creating infrastructure for institutional clients, which is vital for the global digital asset market.
Prospects for Developers and Ecosystem
A $450 million liquidity partnership underscores the potential of the initiative. This is expected to lead to increased developer activity and cross-chain interactions, which are important for the future establishment of the Sui blockchain.
The launch of new Sygnum services for the Sui blockchain indicates a confident increase in interest from institutional investors and may make this blockchain more appealing for developers.
