VanEck Expands Crypto Offering with New SUI ETN

Leading asset manager VanEck has announced the listing of the VanEck SUI ETN on Euronext Amsterdam and Euronext Paris. This new exchange-traded note (ETN) enables investors to participate in the development of the SUI token without direct purchase and holding requirements.

The SUI blockchain, developed by Mysten Labs with contributors from Microsoft, Apple, and Meta, is a next-generation, decentralized smart contract platform with a focus on high transaction speed and scalability. Unlike traditional blockchains such as Bitcoin and Ethereum, SUI processes transactions simultaneously, reducing delays and costs and making it highly suitable for real-time financial and gaming applications.

“In decentralized finance (DeFi) applications, transaction speed is crucial,” states Martijn Rozemuller, CEO at VanEck Europe. “Sui bridges Web2 and decentralized Web3, offering a user-friendly experience.”

SUI’s infrastructure leverages a modified version of the Move programming language, initially created for Meta’s Diem project. This blockchain network is positioned as a versatile alternative to legacy blockchains, supporting both end-users and developers with a scalable, low-cost framework.

“SUI’s strong growth potential makes it an attractive option for blockchain-based transactions,” adds Menno Martens, VanEck Europe’s Crypto Product Manager. “The VanEck Sui ETN allows investors easy access to this promising network.”

The VanEck SUI ETN, linked to the MarketVector Sui VWAP Close Index, is fully collateralized with assets securely held by Bank Frick, a custodian regulated in Liechtenstein.