Sygnum Bank Officially Supports SUI for Its Clients Following Its Role as Banking Partner for Sui Foundation
Sygnum Bank, a digital asset broker-dealer and bank, has announced a partnership with the Sui Foundation to provide institutional-grade financial services for the SUI token. This collaboration aims to broaden access to the Sui ecosystem for professional and institutional clients seeking blockchain exposure in a regulated environment.
Key Aspects of the Partnership
The partnership between Sygnum Bank and the Sui Foundation includes several key aspects:
- Custody services that keep SUI holdings off Sygnum’s balance sheet and structured to be bankruptcy-remote, enhancing security and regulatory compliance.
- Provision of spot and derivatives trading for SUI tokens on Sygnum’s regulated platform.
- Launching of staking services in the near term to allow institutional clients to earn rewards on their SUI holdings.
- Introduction of SUI collateral-backed Lombard loans planned for the fourth quarter to enable borrowing against SUI assets.
Bridging Decentralized and Traditional Finance
This partnership serves as a bridge between decentralized finance (DeFi) and traditional regulated finance by providing regulated infrastructure and services to institutional investors. It leverages Sygnum’s multi-jurisdictional banking licenses and compliance expertise alongside Sui’s scalable blockchain technology to meet growing institutional demand in a compliant framework.
Sui, developed by Mysten Labs, is a blockchain designed to deliver decentralized benefits with the ease of today's internet. It supports a wide range of applications, including DeFi, instant payments, Real-World Asset (RWA) tokenization, gaming, and BTCfi. SUI is an early leader in BTCfi, enabling Bitcoin owners to engage with DeFi and earn, lend, and trade without compromising security.
Christian Thompson, Managing Director of the Sui Foundation, stated that Sygnum is the ideal banking partner as they continue to build and scale. Mathias Imbach, Sygnum Co-Founder and Group CEO, expressed pleasure at being a banking partner for the Sui Foundation and expanding access to professional and institutional investors via Sygnum.
Sygnum's regulated product portfolio includes institutional-grade digital asset custody, spot and derivatives trading, staking, and SUI collateral-backed Lombard Loans. The portfolio also includes a broad range of traditional securities.
In summary, the collaboration between Sygnum Bank and the Sui Foundation brings regulated, institutional-grade financial services for the SUI token—including custody, trading, staking, and loans—allowing regulated entities to safely engage with and invest in the Sui ecosystem while maintaining regulatory safeguards. This partnership is expected to foster broader blockchain asset adoption by providing a compliant and secure avenue for institutional investors to participate in the Sui ecosystem.
- Through the partnership, Sygnum Bank will offer institutional-grade financial services for the SUI token, including custody services, spot and derivatives trading, staking services, and SUI collateral-backed Lombard loans, all designed to bridge the gap between decentralized finance (DeFi) and traditional regulated finance.
- The collaboration represents an opportunity for institutional investors to safely engage with and invest in the Sui ecosystem while maintaining regulatory safeguards, thereby facilitating broader blockchain asset adoption.
