- Sui jumped 4% to $3.82 after Sygnum Bank launched custody, trading, and lending for the token.
- Trading volumes doubled overnight as buyers defended a key $3.72–$3.74 support zone.
- Institutional adoption through Swiss banks could boost both developer and enterprise interest in Sui.
Sui’s price ticked up 4% in the past 24 hours, landing at $3.82, after Swiss digital asset bank Sygnum rolled out custody, trading, and lending products for the blockchain’s token. The move gives regulated investors in Switzerland a new way to hold, trade, and even borrow against SUI—broadening its reach inside the country’s strict financial framework. It’s a clear nod to institutional clients who want blockchain exposure without stepping outside regulated lanes.
Institutional Access Gains Momentum
Sygnum’s announcement came just days after another Swiss player, Amina Bank, said it had begun offering both trading and custodial services for SUI. Amina went as far as calling itself the first regulated bank in the world to support Sui’s native asset. For a project still fighting for market share among layer-1 blockchains, two major Swiss banks embracing it in the same week is no small feat—it’s the kind of momentum that can ripple through developer circles and institutional boardrooms alike.
Market Reaction and Price Floors
The market noticed. According to CoinDesk Analytics, trading volume spiked to 36.45 million tokens over midnight—more than twice the daily average of 14.31 million. Buyers came in to defend the $3.72–$3.74 support zone, a level that’s been holding since mid-July. While SUI’s 7% monthly gain trails the broader CoinDesk 20 Index’s 24% jump, the short-term price action shows traders are watching this floor closely, treating it as a launchpad for potential breakouts.
What It Means for Sui’s Future
For banks, adding Sui isn’t just ticking another asset off the list—it’s signaling comfort with expanding beyond Bitcoin and Ethereum into newer blockchain networks. That means asset managers, corporate treasuries, and high-net-worth clients could diversify into SUI without touching unregulated venues. Sui’s pitch—fast, low-cost transactions powered by its “objects” data structure—could get a real-world boost if bank-backed access keeps expanding. If demand for this kind of exposure grows, Sui might find itself pulling in not just speculators, but enterprise users looking for scalable solutions.
