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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Ondo Finance Streamlines Institutional Stock Tokenization

Ondo Finance has introduced a new integration that simplifies the process of institutional stock tokenization by allowing direct contribution of existing equity inventory.

user avatarLi Weicheng

Investigation into Zondacrypto Founder’s Disappearance Intensifies

The investigation into the disappearance of Zondacrypto founder Sylwester Suszek has intensified as Polish police search a fuel depot linked to his last known whereabouts.

user avatarTenzin Dorje

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

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.