Amina Bank Launches SUI Trading as Institutional Demand Surges

Swiss AMINA Bank has taken a pioneering step by becoming the first regulated financial institution to launch SUI trading and custody services, marking a significant development in the institutional adoption of the Sui blockchain [1]. Regulated by Switzerland’s Financial Market Supervisory Authority (FINMA), AMINA’s move has positioned the Sui token as a growing focus for institutional investors, especially with multiple exchange-traded fund (ETF) applications under review, including those from Canary Capital, 21Shares, and Bitwise [1]. Bitwise’s inclusion of SUI in its crypto index ETF further underscores the token’s growing legitimacy within the broader financial landscape.

Myles Harrison, Chief Product Officer at AMINA Bank, emphasized the strategic rationale behind the offering, stating that the bank aims to provide early access to transformative technologies before they enter the mainstream market [1]. Harrison noted that Sui’s architecture is uniquely designed to replace legacy infrastructure in enterprise environments, offering performance and scalability that align with institutional demands [1]. This approach reflects AMINA’s broader mission to integrate cutting-edge blockchain technology into regulated financial services.

The SUI offering by AMINA Bank includes a suite of institutional-grade tools, such as deposit and withdrawal governance, compliance-ready operations, and the absence of volume restrictions or position limits [1]. This flexibility allows institutional clients to tailor their exposure to Sui without constraints, supporting strategic investment decisions. Alonso de Gortari, Chief Economist and Director of Product and Finance at Mysten Labs, commented that Sui has been built to meet the needs of large enterprises and financial institutions, and AMINA’s infrastructure is accelerating its global adoption [1].

Sui has seen rapid growth in its total value locked, which recently surpassed $2.2 billion, according to reports [1]. This growth has been driven by the blockchain’s focus on latency-sensitive applications, positioning Sui as a strong competitor in the Layer-1 space. AMINA Bank’s initiative provides early institutional access to what is increasingly seen as a foundational element of the evolving digital asset ecosystem [1].

Meanwhile, Nasdaq-listed Mill City Ventures has announced a $450 million SUI treasury plan, allocating nearly 98% of its proceeds—approximately $440 million—to acquire 76.8 million SUI tokens at an average price of $3.64 [1]. This move signals strong institutional demand for SUI and is supported by major investors such as Pantera, Electric Capital, and Galaxy Digital. Stephen Mackintosh, the firm’s newly appointed Chief Investment Officer, described Sui as “mass-ready” and positioned it as a potential backbone for AI and DeFi applications [1].

The Sui Foundation has also supported Mill City’s strategy, providing insights and access to enhance its treasury management approach [1]. This collaboration reflects a broader shift in traditional finance toward digital assets, as institutions increasingly see the strategic value of blockchain-based technologies.

SUI’s price has recently risen above $3.50, with market analysts anticipating a potential breakout to the $3.60–$3.70 range [1]. A trader on X, @CryptomechanicX, noted that a key support level exists between $3.15 and $3.30 and expressed cautious optimism until the token reclaims the $3.60–$3.70 threshold [1]. This price movement aligns with growing institutional interest and the increasing number of regulated financial services entering the Sui ecosystem.

AMINA Bank’s SUI offering is subject to regulatory restrictions, meaning not all clients will have access to the full range of services [1]. However, the initiative highlights the expanding convergence of traditional banking and blockchain innovation, particularly in environments where compliance and security remain critical.

Source:

[1] AMINA Bank Becomes First Bank Globally to Support SUI Trading and Custody as it Enters Wider Public Markets

https://ffnews.com/newsarticle/amina-bank-becomes-first-bank-globally-to-support-sui-trading-and-custody-as-it-enters-wider-public-markets/