The Good Tech Companies - Investment Giant VanEck Launches SUI-Based Financial Product

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Investment giant VanEck launches Sway-based financial product by Chainwire. Grand Cayman, Cayman Islands, November 13, 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 millions of customers access to SUI investment firm VanEck has introduced a product representing Sway. VanEck, known for its financial products that provide access to Bitcoin, Ethereum, and Solana, now offers exposure to Sway,

Starting point is 00:00:36 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 Sway. With the new offering from VanEck, millions can now access Sway without needing to hold Sway in a crypto wallet. VanEck holds the referenced Sway tokens in a regulated custodian environment covered by each node, ensuring that the product's value tracks the underlying token's value. Like other financial products, the new VanEck offering enables users to easily invest and divest. The launch of VanEck's Sway-backed product is the latest demonstration of institutional confidence in Sway, following notable on-chain developments. This include partnerships with

Starting point is 00:01:20 services like Copper, ZeroHash and 4DeFi and the integration of stablecoins such as USDC, AUSD, and the stablecoin like USDY. Over the past year, Sway 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 Sway Trust. Greater than, we are excited to introduce this product as part of our growing portfolio of greater than digital asset investment products, said Menno Martins, crypto specialist and product manager at VanEck. Greater than greater than greater than,

Starting point is 00:02:05 Sway's proven track record and reputation as an industry leader, as well as greater than its innovative and technological advancements, made this the next logical greater than product to house in the portfolio. We believe this development will give greater than investors a unique opportunity to access one of the most advanced blockchain greater than networks available today. Greater than, the creation of this Sway-based product by VanEck is a pivotal moment for the greater-than Sway ecosystem and a significant vote of confidence in Sway's technology and greater-than long-term vision, said Gap Kim, head of marketing for the Sway Foundation. Greater-than, VanEck is a trusted leader in the investment industry,

Starting point is 00:02:42 and the decision to greater-than offer Sway as part of their product suite underscores the growing institutional greater than interest in Sway. To learn more, visit https colon slash slash blog. Sway, IO, VanEck Investor Product, ORHTTPS colon slash slash www.vanek.com, about Sway. Sway 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, Sway supports a wide range of applications with unrivaled speed at low cost. Sway is a step-function advancement in blockchain and a platform on which creators and developers

Starting point is 00:03:35 can build amazing user-friendly experiences. For more information about Sway, users can visit https colon slash slash Sway. EO, about V-A-N-E 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 US 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

Starting point is 00:04:24 investment opportunities to more specialized exposures to enhance portfolio de-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 Sway Foundation Media at sway.io.

Starting point is 00:05:02 Tip This Story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Investment Giant VanEck Launches SUI-Based Financial Product

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