Sygnum, a Swiss bank known for digital assets, is making big moves. It’s now offering full support for the Sui blockchain network and its SUI token. This means professional clients can get secure access to this growing digital world.
The bank is rolling out a range of services. Soon, clients will be able to store SUI tokens safely, trade them instantly, and use complex financial tools called derivatives. Sygnum will also offer ways to earn rewards by “staking” SUI tokens. Plus, clients can get loans using their SUI tokens as collateral.
According to a report from CoinDesk, the services for holding tokens will launch in the next few weeks. The loan options are set for late 2025. It’s important to note that all SUI funds managed by Sygnum will be kept separate from the bank’s own money. This setup protects client assets, even if the bank faces financial trouble.
Joining Forces with the Sui Foundation
This news follows Sygnum’s earlier integration of SUI onto its platform last month. That move made Sygnum the first Swiss bank to fully back the token. The bank, with offices in Zurich and Singapore, is working closely with the Sui Foundation. Their goal is to meet the demand from banks, asset managers, and wealthy individuals looking for a safe, regulated way to engage with the Sui network.
Christian Thompson, who is the General Manager at the Sui Foundation, spoke about the partnership. He said it “strengthens Sui’s connection with global institutional investors.” He noted this is happening through a trustworthy and regulated channel.
Mathias Imbach, co-founder and CEO of Sygnum, also weighed in. He explained that Sygnum stands “at the intersection of digital assets and traditional finance.” This position helps the bank give clients new chances in a strong, rule-abiding system.
Sui’s Tech and What It Can Do
Former engineers from Meta at Mysten Labs built the Sui blockchain. It stands out because it can handle many transactions at once. This makes it highly scalable, similar to how cloud-based services work.
The Sui network supports various applications. This includes decentralized finance (DeFi) tools and instant payments. It also handles turning real-world assets into digital tokens and runs video games. Sui is also gaining popularity in a new area called BTCfi. This lets Bitcoin users join DeFi activities without losing Bitcoin’s strong security.
Expanding Reach and Following Rules
Sygnum holds banking and digital asset licenses in several places. These include Switzerland, Singapore, Abu Dhabi, Luxembourg, and Liechtenstein. Its services include regulated banking, managing investments, creating digital tokens, and providing business-to-business solutions.
Sygnum’s overall plan shows a bigger trend in finance. Traditional banking and digital assets are coming together. This convergence happens under strict rules, making the digital asset world more reliable.