Sygnum expands institutional access to the Sui blockchain
The new offering covers spot and derivatives trading and is set to support the growth of the Sui ecosystem.
The new offering covers spot and derivatives trading and is set to support the growth of the Sui ecosystem.
The partnership aligns with an increasing institutional demand for wider global access to regulated digital asset derivatives.
The firm’s expansion follows recent growth in digital asset and cryptocurrency demand in Latin America, as the region becomes an increasingly prominent player in global markets.
The move makes the firm the first prime broker to support cross-margining across the full suite of digital asset product types, with QCP and BlockTech supporting the offering as launch partners.
New exchange offers 44 trading pairs amongst significant assets such as Bitcoin, SOL, ETH, and XRP.
The move makes the company Europe’s only asset management firm to hold a triple regulatory license combination, spanning AIFM, Mifid and MiCA licensing.
The offering is integrated with the bank’s existing platforms and will allow institutional clients to access and trade cryptoassets through recognisable interfaces.
The initiative saw tokenised units of Aberdeen Investment’s money market fund (tMMF) and tokenised UK gilts used as collateral for FX trades between Aberdeen and Lloyds.
The use case has been used to demonstrate how institutional risk management may be enhanced through integrating on-chain capabilities.
Fintech aims to put funding towards accelerating the adoption of Canton Network, a privacy-enabled interoperable blockchain network designed for institutional assets.