Sygnum Bank Integrates SUI Coin in $450M Treasury Partnership with Galaxy and Mill City

Sygnum Bank has taken a major step in expanding its digital asset offerings by fully integrating SUI Coin into its regulated Swiss banking platform, marking the first time a Swiss bank has provided such institutional-grade services for the token [1]. The bank will now offer custody, spot trading, and derivatives trading, with plans to introduce staking and collateralized lending in the future. These services are designed to give institutional and professional investors secure, regulated access to SUI Coin, with client assets remaining bankruptcy-remote due to Sygnum's Swiss banking infrastructure [1].

This announcement coincided with a 2.7% increase in the price of SUI Coin, rising to $3.81, signaling positive market reaction to the expanded institutional access [1]. Sygnum Co-Founder and CEO Mathias Imbach emphasized the bank’s role in bridging regulated finance with digital assets, reinforcing SUI’s potential as a core investment asset. The Sui Foundation’s Christian Thompson added that such developments are critical in expanding the Sui ecosystem globally [1].

In parallel, Mill City Ventures has partnered with Galaxy Digital to manage a $450 million SUI Coin treasury, the largest publicly disclosed treasury for the token to date [1]. Galaxy Asset Management will oversee the execution of trades, liquidity strategies, and staking plans to maximize the long-term value of the treasury. Stephen Mackintosh, CIO of Mill City Ventures, described Sui as the “infrastructure layer for the next chapter of the internet,” underlining the strategic importance of the partnership in advancing blockchain adoption [1].

The collaboration between Galaxy Digital and Mill City Ventures also includes Galaxy’s participation in a private placement, providing further liquidity and support for the treasury. Steve Kurz, Head of Asset Management at Galaxy Digital, highlighted the significance of this partnership in integrating digital assets into traditional capital markets [1]. The partnership is expected to provide institutional investors with new access points to digital assets and reinforce SUI’s role in the evolving financial landscape.

These developments collectively underscore the growing institutional interest in SUI Coin and reflect broader industry trends of traditional finance and fintech firms aligning with blockchain projects. The combination of secure banking infrastructure, institutional custody, and large-scale treasury management positions SUI Coin for broader market adoption. Analysts suggest that a well-structured treasury can help stabilize the token’s value and support long-term strategic goals, although the success will depend on effective fund allocation and market dynamics [1].

Sygnum’s backing of SUI also aligns with its mission to connect traditional finance with digital assets, offering clients a diversified investment portfolio. The partnership with Galaxy Digital and Mill City Ventures demonstrates how institutional players are increasingly taking on roles traditionally held by central banks, emphasizing risk management, governance, and yield optimization [1].

With both strategic partnerships in place, SUI Coin is transitioning from a speculative asset to one with structured financial governance and institutional credibility, setting a precedent for future blockchain projects seeking to align with traditional financial frameworks.

Source: [1] Sygnum Bank Backs SUI Coin in $450M Treasury Partnership (https://coingape.com/1b-sygnum-bank-backs-sui-coin-in-450m-treasury-partnership/)