Sui (SUI) Jumps 8.6% After Integration With Swiss Bank Sygnum
Main Idea
Sui (SUI) token price surged 8.6% following its integration with Swiss bank Sygnum, which now offers institutional-grade custody and trading services for SUI, highlighting the blockchain's technical capabilities.
Key Points
1. SUI price rose 8.6%, with market cap reaching $13.36B and trading volume doubling to over $2B.
2. Sygnum Bank provides institutional custody, trading, and plans to offer SUI staking and Lombard loans, with assets protected in a multi-custody structure.
3. Sui blockchain, developed by former Meta engineers, is chosen for its high-speed capabilities in DeFi, payments, gaming, and tokenized assets.
4. Total SUI supply is capped at 10B, with 3.51B currently circulating, indicating strong liquidity.
5. The integration marks a significant step in scaling Sui's ecosystem for global finance under regulated banking standards.
Description
Sui integrates with Sygnum Bank, enabling regulated institutional access to SUI tokens. SUI price rises 8.6% with market cap hitting $13.36B amid doubled trading volume. Total SUI supply capped at 10B, with 3.51B circulating and strong market liquidity. The Sui blockchain has been integrated into Sygnum Bank’s regulated banking infrastructure, a major move that gives institutional and professional investors direct access to the SUI token through a licensed Swiss bank. Sui goes Swiss-bank-grade. ...
Latest News
- Weekly Token Unlocks: ARB, APT, SEI Prices Rally Despite $120 Million in New Supply2025-08-08 18:37:11
- Ripple’s RLUSD Heads to Africa via Trident’s $500M XRP Push2025-08-08 17:49:47
- SEI vs Hedera: Analyst Picks the Crypto with Higher Short-Term Gains2025-08-08 17:39:36
- China Takes Steps to “Cool Frenzy” Around Stablecoin Market: Report2025-08-08 17:32:57
- $5 Billion for Ethereum (ETH)? Fundamental Global Files Massive Shelf Offering2025-08-08 16:59:18