VanEck, a 70-year-old investment firm known for its products accessing Bitcoin, Ethereum, and Solana, has introduced a product representing SUI, a Layer 1 blockchain with industry-leading performance and infinite horizontal scalability. The new VanEck offering allows millions of investors access to SUI without holding the token in a crypto wallet.
VanEck holds SUI tokens in a regulated custodian environment, ensuring the product’s value tracks the underlying tokens. Sui has experienced growth in total value locked (TVL) and DeFi volume. The new product emphasizes growing institutional confidence in Sui, as seen in partnerships with Copper, Zero Hash, and Defeat.
VanEck’s Crypto Specialist and Product Manager, Menno Martens, said the product enhances their portfolio of digital asset investment products.
