Mill City Ventures is committing $450 million to Sui, positioning itself as a bridge between traditional finance and blockchain’s next wave, with elite backers like Galaxy and Pantera.
Mill City Ventures III has announced a $450 million private placement aimed at acquiring SUI tokens, with 98% of the proceeds designated for this purpose. The investment is backed by prominent firms, including Karatage and the Sui Foundation, and highlights a significant institutional interest in the Sui blockchain's potential for high-frequency applications. The private placement will close by July 31, 2025, and aims to leverage institutional strategies for acquiring SUI tokens.