Sygnum Bank has become the first Swiss bank to fully integrate SUI into its regulated banking platform. In a new blog post, they officially announced the launch of custody and trading services for the token. As the official banking partner of the Sui Foundation, Sygnum is expanding regulated access to Sui for professional and institutional investors worldwide.
The bank's offerings include secure off-balance sheet custody of SUI, spot trading, and derivatives trading. They also announced that staking services and Lombard loans secured by SUI will be launched soon. This approach ensures that clients' assets are kept safe from bankruptcy while benefiting from quality banking infrastructure.
"Expanding institutional access to the Sui ecosystem further extends Sui's reach to the global community of institutional investors," said Christian Thompson, CEO of the Sui Foundation.
Sygnum co-founder and CEO Mathias Imbach highlighted that the bank's position at the intersection of regulated finance and digital assets uniquely positions it to drive long-term growth in blockchain. By combining the security of Swiss banking with top-tier asset management, the altcoin could become a key asset in investment strategies in both private and public markets.
In response to the news, the price of SUI rose by 2.7%, reaching $3.81. This increase adds to a gain of 9.5% over the past week and a rise of 29.4% over the last month.