Investment firm VanEck, with a 70-year history, has announced the launch of a new financial product backed by SUI. This product allows millions of investors access to the Sui network without the need for a digital wallet.
Introduction of VanEck’s New Product
The new VanEck financial development features SUI tokens held in a regulated custodian environment, providing investors with opportunities, the value of which aligns with the price of SUI.
SUI in VanEck's Investment Portfolio
Incorporating SUI into VanEck's portfolio grants access to the rapidly growing Sui network, which has seen significant increases in TVL and DeFi volumes. Investors can easily invest and divest without owning SUI tokens directly.
Institutional Confidence in Sui
The launch of the SUI-based product comes amid growing institutional confidence in Sui's ecosystem, evidenced by services like Copper and the on-chain release of USDC and AUSD stablecoins.
VanEck's SUI-backed offering expands investment opportunities and highlights the growing impact of Sui in financial technology and services.
