VanEck Launches Product Providing Access to SUI Token

user avatar

by Giorgi Kostiuk

2 years ago

VanEck, known for its investment solutions, has launched a new product providing access to the SUI token. This step has opened up new opportunities for millions of investors.

New Product from VanEck

VanEck, a recognized investment company, has launched a new financial instrument that provides access to the SUI token. Investors can now access SUI without having to hold the tokens in cryptocurrency wallets. VanEck keeps the SUI tokens in regulated custody environments, ensuring the product's value reflects the token's value. This product is part of a portfolio that also includes Bitcoin, Ethereum, and Solana.

Development of Sui Ecosystem

The launch of VanEck’s new product signals institutional trust in Sui technology, supporting integrations with services like Copper, Zero Hash, and Fordefi. In recent years, Sui has shown significant growth, including a 430% increase in total value locked (TVL) and a 692% increase in DeFi volume.

Experts' Opinions

"We are excited to introduce this product as part of our growing portfolio of digital asset investments," said Menno Martens, Crypto Specialist at VanEck. "The creation of this SUI-based product is a pivotal moment for the Sui ecosystem," added Gap Kim from the Sui Foundation, highlighting growing institutional interest.

The launch of VanEck's new product opens new horizons for investors, showcasing confidence in Sui technology and its potential for further development in the blockchain industry.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

Sony Claims Consumers Don't Expect Ownership of Digital Games in Class Action Response

chest

Sony claims that consumers do not expect ownership of digital games purchased on the PlayStation Store in response to a class action lawsuit.

user avatarGustavo Mendoza

Nvidia Stock Faces Bearish Signals Amid Recent Downturn

chest

Nvidia's stock opened at 217 after a significant drop, with experts warning of potential further declines.

user avatarRajesh Kumar

Defillama Releases New Report on Crypto Metrics

chest

A new report has been released by Defillama focusing on key metrics in the crypto space.

user avatarMiguel Rodriguez

Centcom Releases New Report on Military Operations

chest

A report has been released by Centcom focusing on various military operations, emphasizing accuracy, relevance, and impartiality.

user avatarLuis Flores

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.