In a significant move for the Sui blockchain ecosystem, Galaxy Digital has entered into a strategic partnership with Mill City Ventures to manage what is being called the largest publicly disclosed SUI treasury in existence — valued at $450 million.
Under the agreement, Galaxy Asset Management will take charge of Mill City’s long-term SUI holdings, offering institutional-grade execution, liquidity solutions, and tailored equity strategies.
The arrangement also includes access to Galaxy’s treasury management infrastructure and market expertise, aimed at maximizing the effectiveness of Mill City’s groundbreaking SUI-focused investment approach.
Mill City Ventures, known for its specialty finance and credit operations, is positioning SUI as the foundation for its Web3 ambitions. According to the company, this allocation is intended to be a long-term play, reflecting a belief in Sui’s role as a core infrastructure layer for the next generation of the internet.
Galaxy’s involvement goes beyond management — the firm is also a direct investor in Mill City, having taken part in the $450 million private placement that launched the SUI strategy. Mill City executives say this dual role strengthens the partnership, giving them both capital and operational capabilities to execute at scale.
Stephen Mackintosh, Chief Investment Officer at Mill City, described the collaboration as a critical step in achieving the company’s vision. He emphasized that with Galaxy’s backing, Mill City can actively manage its SUI reserves and remain agile as opportunities in the Sui ecosystem evolve.
This alliance underscores the growing institutional interest in Sui, which has rapidly emerged as one of the most talked-about blockchain projects in the digital asset space. Industry watchers suggest the partnership could signal a broader wave of treasury allocation strategies centered around SUI in the coming years.
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Source: https://coindoo.com/galaxy-digital-takes-charge-of-mill-citys-450m-sui-treasury/