- First regulated bank to promote SUI, launching AMINA
- The increasing institutional use shows promise in Sui
- Sui gets a $450M dollar investment by Mill City Ventures
Swiss AMINA Bank recently defied all odds to become the first regulated bank in the world to introduce the SUI token to trade and custody. This decisive action makes AMINA the focal point of the Sui blockchain hype, with institutional interest in crypto exponentially growing and ETFs being filed one after another.
Source – CMC
With FINMA-regulated Zug-based AMINA Bank, SUI trading is opened to the doors at a time when the profile of SUI among institutions is soaring. As of today, SUI is trading at 3.53 with an increase of more than 2 percent in the past 24 hours.
Mainstream investors now view SUI as a new, serious competitor in the digital asset space, as its total value locked has surpassed the 2.2 billion mark and ETF proposals by Canary Capital, 21Shares, and Bitwise are making headlines.
SUI Ready for Institutions, Eyes on $3.60 Mark
The competitors are trailing behind because AMINA is the only organization that enables institution clients to purchase, hold, or redeem SUI without trading limitations. We let institutions dive into ground-breaking tech years before the mainstream markets do, as pointed out by M.Harrison, AMINA’s C.P.O. Businesses already believe in Sui and can use it to replace aging infrastructure.
SUI’s technical prowess attracts both traditional and crypto-native companies. Sui Layer-1 delivers enterprise-grade settlement and is designed to scale globally and settle quickly, offering the speed and low latency that institutions demand. Alonso de Gortari of Mysten Labs said, “Sui meets the scale that banks and enterprises already require.”
Regulatory-grade controls set AMINA apart. Clients receive built-in tools to aid compliance, and no position size restrictions. The impending SUI staking provides AMINA with an opportunity to solidify its position as a gateway to blockchain technology of the future.
Mill City Ventures Bets $450M—SUI Demand Surges
Nasdaq-based Mill City Ventures announced a historic $450 million SUI treasury plan in a concurrent story. The company allocated an insane 98 percent of the proceeds–about 440 million–to accumulate SUI tokens, purchasing a total of 76.8 million SUI at an average price of 3.64. Their ambition: “Sui is mass-ready – the AI- and DeFi-scale blockchain backbone,” said Stephen Mackintosh, the new CIO of the firm.
Supported by investment giants like Pantera, Electric Capital, and Galaxy Digital, Mill City aims to become the only publicly traded SUI treasury. Galaxy Asset Management holds the mandate to protect this historic crypto asset and offers it to both retail and institutional investors.
It is worth noting that the Sui Foundation is an active supporter of the strategy of Mill City, which has given access and insight. This collaboration solidifies Sui as critical to progressive treasury management and marks a combative transition to traditional finance into native digital assets.
Source – X
SUI’s price recently spiked above $3.50. The market is presently anticipating a possible breakout above $3.60-$3.70. Analysts and traders cite an important support level at $3.15-3.30. “I still want to see it reclaim $3.600-3.700,” warned one of the traders on X (@CryptomechanicX). Until then, not too confident on this chart.”
