Sygnum Bank Declares Support for SUI for Their Clients, After Being Named Banking Partner for Sui Foundation
Sygnum Bank, a global digital asset banking group, has announced accessible custody, trading, and lending solutions for the layer-one cryptocurrency SUI. The offering makes Sygnum the first Swiss bank to fully integrate SUI into its regulated platform, expanding traditional investors' regulated entry points into the fast-growing SUI blockchain network [1][2][3][4].
The SUI blockchain, developed by a team of former Meta engineers at Mysten Labs, is designed to deliver decentralized benefits with the ease and familiarity of today's internet. It supports a wide range of applications, including DeFi, instant payments, Real-World Asset (RWA) tokenization, and gaming [1].
Sygnum's unique understanding of digital assets sits at the intersection of the rapidly converging digital asset and regulated financial ecosystems. The bank's co-founder and Group CEO, Mathias Imbach, expressed pleasure at being a banking partner for the Sui Foundation [1]. Christian Thompson, Managing Director of the Sui Foundation, stated that Sygnum's crypto-native team and end-to-end regulated offering make them an ideal banking partner [1].
Sygnum's regulated product portfolio includes institutional-grade digital asset custody, spot and derivatives trading, staking, and SUI collateral-backed Lombard Loans [1]. The staking services are set to be launched in August 2025, allowing token holders to earn yield by participating in SUI network consensus mechanisms. SUI-backed Lombard loans, providing clients flexible liquidity options secured by their SUI holdings, are planned for the fourth quarter [1].
Sui is an early leader in BTCfi (Bitcoin Finance), enabling Bitcoin owners to engage with DeFi and earn, lend, and trade without compromising security [1]. The BTCfi feature expands the potential uses of Bitcoin within the DeFi ecosystem [1]. SUI is fully integrated into Sygnum's banking platform, aligning with Sygnum’s role in bridging traditional finance and digital assets [1].
The Sui blockchain processes activity in parallel, making it highly scalable, comparable to Cloud services [1]. The scalability of Sui is expected to attract a broad range of traditional securities to complement Sygnum's regulated services [1]. The Sui Foundation considers Sygnum an ideal banking partner for its continued growth and scaling [1].
With this partnership, Sygnum offers a comprehensive, regulated suite of custody, trading, staking, and lending solutions for the layer-one cryptocurrency SUI, aimed at facilitating mass adoption and scalability of the Sui blockchain network.
[1] Source: Sygnum Bank Press Release, [Date] [2] Source: Sui Foundation Press Release, [Date] [3] Source: Mysten Labs Press Release, [Date] [4] Source: Swiss Financial Market Supervisory Authority (FINMA) Communication, [Date]
- The integration of SUI, a layer-one cryptocurrency, into Sygnum Bank's regulated platform marks a significant step in traditional finance's entry points into the SUI blockchain network, facilitated by technology and supported by business ventures.
- Sygnum's regulated product portfolio, including custody, trading, staking, and lending solutions for SUI, aligns with the bank's role in bridging traditional finance and digital assets, leveraging blockchain technology for cryptocurrency transactions in finance.
