VanEck has just launched a new financial product that represents SUI. This is exciting news for investors looking for fresh opportunities.
With a solid 70-year history, VanEck is well-known for offering diverse investment solutions. Now, they’re giving millions of customers a chance to access SUI, a token linked to a cutting-edge layer-one blockchain.
What’s special about this blockchain? It boasts impressive performance and infinite horizontal scalability. This new product is fully collateralized, meaning investors can gain exposure to SUI without needing to hold it in a crypto wallet.
VanEck ensures that the SUI tokens are held in a regulated custodian environment. This setup helps maintain the product’s value in line with the underlying tokens. Just like VanEck’s other financial offerings, this one makes it easy for users to invest and divest.
The launch of this SUI-backed product shows growing confidence in the Sui ecosystem. Recent developments include partnerships with companies like Copper, Zero Hash, and Fordefi. They’ve also integrated stablecoins such as USDC, AUSD, and the stablecoin-like USDY.
In the past year, Sui has seen remarkable growth. The total value locked (TVL) has jumped by 430%, and DeFi volume has soared by 692%. Plus, in August 2024, Grayscale, a major player in crypto asset management, launched its Grayscale® Sui Trust.
Menno Martens, a crypto specialist at VanEck, expressed excitement about this new product. He said, “We are thrilled to introduce this product as part of our expanding portfolio of digital asset investment products.” He believes Sui’s proven track record makes it a valuable addition.
Gap Kim from the Sui Foundation also shared his thoughts. He called this product launch a pivotal moment for the Sui ecosystem, highlighting VanEck’s reputation as a trusted leader in the investment industry.
So, what exactly is Sui? It’s a groundbreaking layer-one blockchain and smart contract platform designed to make digital asset ownership fast, secure, and accessible. Its unique object-centric model allows for parallel execution and quick finality.
Sui supports a wide range of applications, offering speed and low costs. It truly represents a significant advancement in blockchain technology.
VanEck has a history of spotting trends that lead to impactful investment opportunities. They were among the first U.S. asset managers to give investors access to international markets. This foresight has shaped their approach to various asset classes over the years.
Today, VanEck offers both active and passive investment strategies. They focus on well-designed investment processes that enhance portfolio diversification.
Since its founding in 1955, VanEck has prioritized its clients' interests, no matter the market conditions. This commitment remains at the heart of their mission.