Sui Rises 4% as Swiss Banks Broaden Regulated Services for Institutional Investors
Sui’s (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading, and lending products tied to the blockchain for its institutional clients. This development allows regulated investors in Switzerland to hold, trade, and borrow against SUI through Sygnum’s platform, enhancing access to the layer-1 blockchain’s ecosystem. The bank’s services cater to professional and institutional investors seeking exposure within Swiss financial regulations.
Earlier this week, another Swiss institution, Amina Bank, announced that it has begun offering trading and custodial services for SUI. This move positions Amina as the first regulated bank globally to support the blockchain’s native asset.
These announcements appear to have stimulated market activity. CoinDesk Analytics data indicates that trading volume surged to 36.45 million tokens overnight, more than double the daily average of 14.31 million, as buyers stepped in to defend a support zone between $3.72 and $3.74. This level has remained stable since mid-July, suggesting that short-term traders view it as a critical price floor.
SUI’s daily gains align closely with the broader crypto market, as measured by the CoinDesk 20 Index, which increased by 4.5% in the past day. The token’s performance over the past month is also positive, rising 7% in the last 30 days, although it lags behind the wider market, with the CD20 increasing by 24%.
For institutional clients, the expansion of regulated access to newer blockchain projects like Sui represents more than just another trading option. It demonstrates a growing comfort among banks in integrating blockchain networks beyond the largest, most established assets. In practice, this could provide asset managers, corporate treasuries, and high-net-worth clients with additional avenues to diversify their holdings without stepping outside regulated frameworks.
Sui, developed by Mysten Labs, aims to provide high-speed, low-cost transactions utilizing a novel data structure called “objects” to enhance scalability. Broader access through banks such as Sygnum and Amina could help it attract developer attention and real-world applications. If demand for bank-mediated blockchain exposure continues to grow, Sui may position itself favorably to gain traction not only among speculative traders but also for enterprise adoption.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see Hotnchill’s full AI Policy.
