Sui News: Sui Price Gains 4% as Swiss Banks Expand Regulated Access for Institutional Clients
AI Summary
Key Takeaways
Sygnum Bank launches SUI custody, trading, and lending products for institutional investors.
Amina Bank becomes first regulated bank globally to support the blockchain’s native token.
Trading volume doubles as buyers defend $3.72–$3.74 support zone.
Sui (SUI) climbed 4% in the past 24 hours to $3.82 after two Swiss banks expanded regulated access to the layer-1 blockchain for institutional clients. The move is seen as a milestone in bringing newer blockchain networks into traditional finance frameworks.
Swiss Banks Broaden Institutional Access to SUI
Sygnum Bank, a Zurich-based digital asset bank, announced it now offers custody, trading, and lending services for SUI to its professional and institutional clients. This enables regulated investors in Switzerland to hold, trade, and borrow against the token under the country’s financial rules.
Earlier this week, Amina Bank said it had added trading and custodial services for SUI, making it the first regulated bank in the world to support the blockchain’s native asset.
Both banks cater to high-net-worth individuals, corporate treasuries, and asset managers, meaning SUI now has a potential entry point into larger, compliance-focused capital pools.
Volume Surge as Support Zone Holds
Following the announcements, trading volume spiked to 36.45 million tokens, more than double the daily average of 14.31 million. The bulk of buying occurred as traders defended a key support zone between $3.72 and $3.74, which has held since mid-July.
SUI’s price performance tracked closely with the CoinDesk 20 Index, which also rose 4.5% over the same period. On a 30-day view, SUI is up 7%, lagging behind the CD20’s 24% gain.
Broader Market and Adoption Outlook
The institutional rollout of SUI products reflects a wider acceptance of blockchain assets beyond Bitcoin and Ethereum. For banks, it’s a step toward expanding client offerings while staying within regulated
