Grand Cayman, Cayman Islands, November 13th, 2024,
Chainwire
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 1 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. Over the past year,
Sui has experienced remarkable growth, with total value locked
(TVL) increasing by 430% and DeFi volume surging by 692%. In
August, 2024, in another show of support, Grayscale, one of the
world’s largest crypto asset managers, launched its Grayscale® Sui
Trust.
“We are excited to introduce this product as part of
our growing portfolio of digital asset investment products,” said
Menno Martens, Crypto Specialist and Product Manager at VanEck.
“Sui’s proven track record and reputation as an industry leader, as
well as its innovative and technological advancements, made this
the next logical product to house in the portfolio. We believe this
development will give investors a unique opportunity to access one
of the most advanced blockchain networks available
today.”
“The creation of this SUI-based product by VanEck is a
pivotal moment for the Sui ecosystem and a significant vote of
confidence in Sui’s technology and long-term vision,” said Gap Kim,
Head of Marketing for the Sui Foundation. “VanEck is a trusted
leader in the investment industry, and the decision to offer SUI as
part of their product suite underscores the growing institutional
interest in Sui.”
To learn more, visit https://blog.sui.io/vaneck-investor-product/ or
https://www.vaneck.com/.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract
platform designed from the ground up to make digital asset
ownership fast, private, secure, and accessible to everyone. Its
object-centric model, based on the Move programming language,
enables parallel execution, sub-second finality, and rich on-chain
assets. With horizontally scalable processing and storage, Sui
supports a wide range of applications with unrivaled speed at low
cost. Sui is a step-function advancement in blockchain and a
platform on which creators and developers can build amazing
user-friendly experiences. For more information about Sui, users
can visit https://sui.io.
About VanEck
VanEck has a history of looking beyond the financial markets to
identify trends that are likely to create impactful investment
opportunities. VanEck was one of the first U.S. asset managers to
offer investors access to international markets. This set the tone
for the firm’s drive to identify asset classes and trends—including
gold investing in 1968, emerging markets in 1993, and Exchange
Traded Funds in 2006—that subsequently shaped the investment
management industry.
Today, VanEck offers active and passive strategies with
compelling exposures supported by well-designed investment
processes. The firm’s capabilities range from core investment
opportunities to more specialized exposures to enhance portfolio
diversification. VanEck's actively managed strategies are fueled by
in-depth, bottom-up research and security selection from portfolio
managers with direct experience in the sectors and regions in which
they invest. Investability, liquidity, diversity, and transparency
are key to the experienced decision-making around market and index
selection underlying VanEck’s passive strategies
Since VanEck's founding in 1955, putting its clients’ interests
first, in all market environments, has been at the heart of the
firm’s mission.
Contact
Sui
Foundation
media@sui.io