With a 70-year legacy of offering investment solutions across diverse industries and asset classes, privately-held VanEck now provides millions of customers access to SUI.
Investment firm VanEck has introduced a product representing SUI.
VanEck known for its financial products that provide access to Bitcoin, Ethereum and Solana now offers exposure to SUI, the token behind the groundbreaking layer-one blockchain recognized for its industry-leading performance and infinite horizontal scalability.
This fully-collateralized financial instrument provides millions of investors access to SUI.
With the new offering from VanEck, millions can now access SUI without needing to hold SUI in a crypto wallet.
VanEck holds the referenced SUI tokens in a regulated custodian environment covered by each note, ensuring that the product’s value tracks the underlying tokens’ value.
Like other financial products, the new VanEck offering enables users to easily invest and divest.
The launch of VanEck’s SUI-backed product is the latest demonstration of institutional confidence in Sui, following notable on-chain developments.
These include partnerships with services like Copper, Zero Hash and Fordefi and the integration of stablecoins such as USDC, AUSD and the stablecoin-like USDY.
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Author: Chainwire
