Sygnum Launches SUI Custody and Trading for Institutional Clients

Sygnum Bank has announced the launch of SUI custody, trading, staking, and lending services for institutional and professional clients, marking a strategic expansion of its digital asset offerings. This development follows a partnership with the Sui Foundation and integrates the SUI token into Sygnum’s banking platform. The bank, which manages $1 billion in digital assets, is now offering these services exclusively for institutional clients, positioning itself as a fully regulated and crypto-native financial institution in the digital asset space [1].

The move is expected to accelerate SUI’s institutional adoption by enabling asset managers, banks, and financial institutions to access a comprehensive suite of services. According to Sygnum’s co-founder Mathias Imbach, the partnership with the Sui Foundation enhances the bank’s ability to serve institutional clients and broaden its market reach. Christian Thompson, CEO of the Sui Foundation, emphasized that the collaboration with Sygnum represents a significant step in expanding SUI’s global appeal among institutional investors [1].

SUI, a Layer-1 blockchain developed by a team of former Meta engineers, has recently attracted interest from traditional financial institutions. Earlier in the month, Swiss-based AMINA Bank AG became the first regulated bank to offer institutional trading and custody services for SUI. Additionally, U.S.-based Mill City Ventures III, Ltd. raised $450 million through a private placement, allocating 98% of the proceeds to build a strategic SUI treasury. The company acquired over 76 million SUI tokens at a total cost of $277 million [1].

The growing interest in SUI has also led to a surge in demand for spot exchange-traded funds (ETFs). Canary Capital and 21Shares have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch SUI ETFs. The regulatory status of these proposals is currently under review [1].

The announcement of Sygnum’s integration of SUI appears to have had a positive impact on the token’s price. Prior to the news, SUI was trading near $3.8. Following the announcement, the token surged to an intraday high of $3.88. At the time of writing, SUI is trading at $3.84, reflecting a 2.56% increase over the past 24 hours [1].

The Sygnum-Sui collaboration underscores the increasing convergence between traditional finance and blockchain-based assets. By offering institutional-grade services for SUI, Sygnum is enhancing the token’s accessibility and credibility in the eyes of professional investors. This partnership, along with other recent institutional developments, suggests that SUI is gaining traction as a viable asset class within the broader financial ecosystem.

Source: [1] Sygnum Bank Launches SUI Custody, Trading, Staking, and Lending Services for Institutional Clients (https://thecryptobasic.com/2025/08/08/sygnum-bank-launches-sui-custody-trading-staking-and-lending-services-for-institutional-clients/?utm_source=rss&utm_medium=rss&utm_campaign=sygnum-bank-launches-sui-custody-trading-staking-and-lending-services-for-institutional-clients)