VanEck, a private investment firm with 70 years of experience, is now offering customers access to SUI, a token behind a blockchain that is known for its performance and scalability. The firm has introduced a fully-collateralized financial instrument to give investors exposure to SUI, and VanEck will hold the referenced SUI tokens in a regulated custodian.
This is the latest demonstration of institutional confidence in Sui, following partnerships with companies like Copper, Zero Hash, and Defeat, and the integration of stablecoins like USDC, AUSD, and USDY. Since its launch, Sui has experienced substantial growth, with total value locked (TVL) increasing by 430% and DeFi volume surging by 692%.
In August 2024, Grayscale, a large crypto asset manager, launched its Grayscale® Sui Trust. VanEck’s Crypto Specialist and Product Manager, Menno Martens, said that the new product will give investors a chance to access one of the most advanced blockchain networks available today. Gap Kim, Head of Marketing for the Sui Foundation, stated that this development is a significant vote of confidence in Sui’s technology and long-term vision.
