Sygnum Bank launches Sui (SUI) custody, trading, staking, and lending services for institutional investors
Summary
- Sygnum Bank announced that it will provide Sui (SUI) custody, trading, staking, and lending services for institutional investors.
- Sygnum reported that with the integration of SUI into its banking platform, inflow of SUI from asset management companies, banks, and financial institutions is expected to accelerate.
- With this service introduction, it is anticipated that SUI token adoption and trust will increase and accessibility for institutional and professional investors will be further enhanced.
According to CryptoBasic, a media outlet specializing in virtual assets (cryptocurrencies), on the 8th (local time), the USD 1 billion digital asset banking group Sygnum Bank announced that it will provide custody, spot and derivatives trading, staking, and lending services for Sui (SUI) to institutional and professional investors.
Sygnum explained in this announcement that SUI will be integrated into its banking platform. Through this, the inflow of SUI from asset management companies, banks, and financial institutions can accelerate, and it is expected to have a positive impact on the adoption and trustworthiness of the token.
Mathias Imbach, co-founder of Sygnum Bank, said, "We are pleased to become the banking partner of the Sui Foundation," and "Through this cooperation, we will further expand accessibility for institutional and professional investors."
JH Kim
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