Swiss Bank Sygnum Boosts Institutional Support for SUI Token with Expanded Services

Sygnum Bank, a Swiss-regulated digital asset banking group, has expanded its institutional-grade services for the Sui blockchain's native token, SUI. The MOVE includes custody, trading, staking, and collateralized lending, broadening access for professional and institutional clients. The announcement triggered a 4% price surge for SUI, reflecting market optimism.

"We're pleased to be a banking partner for the sui Foundation and expand access to professional and institutional investors via Sygnum, a regulated bank," said Mathias Imbach, Sygnum's Co-Founder and Group CEO. The bank's $1 billion asset management footprint underscores its role in bridging digital assets with traditional finance.

Sui, a Layer-1 blockchain developed by Mysten Labs, gains further legitimacy through this partnership. The integration of staking and lending services signals growing institutional confidence in the ecosystem's long-term viability.