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. ...
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