The native asset of the Sui Network is trending after a Swiss bank called AMINA became the first institution to offer SUI trading and custody to its customers. They also said that they plan to launch SUI staking soon.
This bank manages over $4.2 billion for its customers and has set a strong precedent across the financial industry with its decision to launch this new service.
Sui’s institutional adoption has been accelerating following the launch of Grayscale’s SUI Trust and amid the network’s rapid growth.
AMINA’s Chief Product Officer emphasized that Sui was “built specifically to replace Web2 infrastructure in businesses, offering efficiencies that many other Layer-1s simply cannot match.”
SUI’s TVL Has Expanded by 843% in 19 Months
Since its launch in 2023, this smart contracts platform has been making significant progress. On-chain data shows that stablecoin reserves have already exceeded $1 billion while stablecoin transfers reached $1 trillion recently.
