The price of Sui (SUI) has risen 4% in the last 24 hours to $3.82 after Swiss digital asset bank Sygnum announced new custody, trading, and lending services for the token. This move allows regulated investors in Switzerland to hold, trade, and borrow against their SUI, providing a new, secure pathway for institutional clients to gain exposure to the asset.
Sygnum’s announcement came just days after another Swiss bank, Amina Bank, made a similar move, claiming to be the first regulated bank in the world to support Sui. Having two major banks embrace Sui within the same week is a significant endorsement for the young Layer-1 blockchain.
The market has reacted positively to this news, with trading volume more than doubling to 36.45 million tokens and buyers actively defending a key support level around $3.72. While Sui's monthly gain of 7% is modest compared to the broader crypto market, the strong trading volume and price support suggest that traders are closely watching for a potential breakout.
For Sui's future, this institutional adoption is a strong signal that banks are becoming more comfortable with expanding beyond established assets like Bitcoin and Ethereum. This could lead to more institutional interest in Sui's core features, like its fast, low-cost transactions, and potentially attract not just speculators but also enterprise users looking for scalable blockchain solutions.
August 2025, Cryptoniteuae