The price of SUI surged over 4% to $3.56 following AMINA Bank's announcement that it has become the first globally regulated institution to offer trading and custody services for the Sui blockchain's native token. Swiss-based AMINA Bank AG, regulated by FINMA, now provides institutional-grade solutions for SUI through its compliant framework designed to meet anti-money laundering and audit requirements.
This development coincides with growing institutional recognition of Sui's blockchain technology. Multiple ETF filings for SUI are underway from firms including Canary Capital, 21Shares, and Bitwise. Additionally, Mill City Ventures integrated 76 million SUI tokens (valued at $450 million) into its treasury strategy through a private investment deal, marking the first publicly traded company to adopt a SUI treasury approach.
Myles Harrison, AMINA's Chief Product Officer, emphasized Sui's unique value proposition: "What sets Sui apart is that it's been built specifically to replace Web2 infrastructure in businesses, offering efficiencies that many other Layer-1s simply cannot match." The blockchain currently holds $2.2 billion in total value locked (TVL) and is engineered for institutional-scale applications requiring low latency.
Christian Thompson of the Sui Foundation noted that these developments create "an important bridge for traditional capital markets" to access the ecosystem. AMINA's entry follows its recent support for Ripple's stablecoin (RLUSD), signaling strategic expansion in regulated digital asset services targeting institutional clients and qualified investors.