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

Bitcoin Core Release Candidate Fixes SQL Connection Pool Deadlock

The latest release candidate addresses a deadlock issue in the SQL connection pool, crucial for node reliability.

user avatarElias Mukuru

Bitcoin Core's October 22 Release Candidate Enhances Wallet Security

The October 22 release candidate of Bitcoin Core introduces important changes to enhance wallet security by bounding fee estimates.

user avatarDiego Alvarez

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Ripple's Swell and Apex Conference Scheduled for October

Ripple's Swell conference is scheduled for October 27-29 in New York, merging with the Apex developer gathering to discuss payments, tokenization, stablecoins, and XRP utility.

user avatarMaria Fernandez

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.