Noor Bazmi
VannEck, a privately run investment firm has introduced a new product backed by SUI to millions of customers.
VannEck offers investment solutions for various industries and asset classes. Previously it had financial products providing access to Bitcoin, Solana, and Ethereum as well. Now it has included a SUI-based product to its customers.
This new product will allow access to millions of customers to SUI regardless of the need to have SUI in their crypto wallets. Vanneck announced that each note related to the product will be backed by SUI in a “regulated custodian environment” for the benefit of the holders.
