{"id":20199,"date":"2024-11-13T14:25:54","date_gmt":"2024-11-13T14:25:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20199"},"modified":"2024-11-13T14:25:54","modified_gmt":"2024-11-13T14:25:54","slug":"investment-giant-vaneck-launches-sui-based-financial-product","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20199","title":{"rendered":"Investment Giant VanEck Launches SUI-based Financial Product"},"content":{"rendered":"

[PRESS RELEASE \u2013 Grand Cayman, Cayman Islands, November 13th, 2024]<\/strong><\/p>\n

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<\/em><\/p>\n

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.<\/p>\n

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\u2019s value tracks the underlying tokens\u2019 value. Like other financial products, the new VanEck offering enables users to easily invest and divest.<\/p>\n

The launch of VanEck\u2019s SUI-backed product is the latest demonstration of institutional confidence in Sui, following notable on-chain developments. These include partnerships with services like Copper<\/a>, Zero Hash<\/a> and Fordefi<\/a> and the integration of stablecoins such as USDC<\/a>, AUSD<\/a>, and the stablecoin-like USDY<\/a>. 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\u2019s largest crypto asset managers, launched its Grayscale\u00ae Sui Trust.<\/p>\n

\u201cWe are excited to introduce this product as part of our growing portfolio of digital asset investment products,\u201d said Menno Martens, Crypto Specialist and Product Manager at VanEck. \u201cSui\u2019s 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.\u201d<\/p>\n

\u201cThe creation of this SUI-based product by VanEck is a pivotal moment for the Sui ecosystem and a significant vote of confidence in Sui\u2019s technology and long-term vision,\u201d said Gap Kim, Head of Marketing for the Sui Foundation. \u201cVanEck 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.\u201d<\/p>\n

To learn more, visit https:\/\/blog.sui.io\/vaneck-investor-product\/<\/a> or https:\/\/www.vaneck.com\/<\/a>.<\/p>\n

About Sui<\/strong><\/p>\n

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<\/a>.<\/p>\n

About VanEck<\/strong><\/p>\n

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\u2019s drive to identify asset classes and trends\u2014including gold investing in 1968, emerging markets in 1993, and Exchange Traded Funds in 2006\u2014that subsequently shaped the investment management industry.<\/p>\n

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. The firm\u2019s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. VanEck\u2019s 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\u2019s passive strategies<\/p>\n

Since VanEck\u2019s founding in 1955, putting its clients\u2019 interests first, in all market environments, has been at the heart of the firm\u2019s mission.<\/p>\n

The post Investment Giant VanEck Launches SUI-based Financial Product<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Grand Cayman, Cayman Islands, November 13th, 2024] 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, […]<\/p>\n","protected":false},"author":0,"featured_media":20200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20199"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20199"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20200"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}