Sui’s (SUI) price increased by 4% to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include services related to custody, trading and lending tied to the blockchain for institutional clients.

What to know:

• SUI is trading at $3.82 following Sygnum Bank’s launch of custody, trading, and lending services for institutional clients.
• Amina Bank has become the first regulated bank globally to support the native token of the layer-1 blockchain.
• Trading volume has surged, doubling as investors stepped in to maintain key support around $3.73.

Earlier this week, Amina Bank announced it would offer trading and custodial services for SUI, making it a pioneer in supporting the asset.

The move indicates that regulated investors in Switzerland can now hold, trade, and leverage SUI through Sygnum’s platform, enhancing access to the layer-1 blockchain ecosystem. This development signals a growing trend among banks to integrate newer blockchain options alongside well-known assets.

With demand rising for bank-facilitated blockchain exposure, Sui could find itself in a strong position to attract speculative traders and enterprise adoption alike. Sui, developed by Mysten Labs, aims to facilitate high-speed, low-cost transactions using a unique data structure called ‘objects’ to improve scalability.