Swiss AMINA Bank became the world's first bank to offer trading and custody services for the SUI token.
Custody and trading of SUI are now available at AMINA. We are proud to be the first regulated bank with a global reach to offer both trading and institutional-level custody services for SUI, the bank's announcement states.
Currently, AMINA Bank clients only have access to trading and custody services for SUI, but staking features will be introduced in the coming months.
The announcement of the Sui integration came amid growing interest in the project. Currently, several applications for exchange-traded funds based on SUI are with the U.S. Securities and Exchange Commission. Mill City Ventures became the first public company to acquire SUI as a reserve asset, purchasing over 76 million tokens at an average price of $3.63 per coin.
A distinguishing feature of Sui is that it was specifically designed to replace Web2 infrastructure in business and provides efficiencies that many other layer-one solutions simply cannot boast, said AMINA Bank's product director, Miles Harrison.
