• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

VanEck Launches Innovative SUI-Based Financial Offering

user avatar

by Giorgi Kostiuk

2 years ago

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Fable 5 May Return with New Subscription Model

chest

Leaked information suggests that Fable 5 may return with a new weekly usage model in subscription plans.

user avatarGustavo Mendoza

Microsoft Stands Firm on Majorana 2 Quantum Chip Claims

chest

Microsoft defends its Majorana 2 quantum chip claims against criticism from physicist Henry Legg, asserting the stability of signals observed in experiments.

user avatarRajesh Kumar

Researcher Disputes Microsoft's Majorana 2 Quantum Chip Claims

chest

Researcher Henry Legg disputes Microsoft's claims about the Majorana 2 quantum chip, arguing insufficient evidence for a topological qubit.

user avatarMiguel Rodriguez

Synthetix Proposes Basis Vaults for sUSD Stability

chest

Synthetix is considering a shift towards a more structured approach to support sUSD stability through basis vaults.

user avatarLuis Flores

Synthetix Founder Addresses sUSD Management Issues

chest

Kain Warwick, the founder of Synthetix, takes responsibility for the mismanagement of sUSD, highlighting ongoing challenges in maintaining its peg.

user avatarArif Mukhtar

Crypto Markets Under Pressure as Macro Conditions Tighten

chest

The crypto markets are currently facing increased pressure as macroeconomic conditions shift towards a more hawkish stance.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.