Mill City and Galaxy Digital Partner for Institutional-Grade SUI Treasury Management.

Mill City Ventures III has partnered with Galaxy Digital to manage its $450 million SUI treasury strategy. Galaxy Digital will serve as asset manager, providing infrastructure and expertise to actively manage the SUI treasury. The partnership aims to scale Mill City's SUI treasury strategy for the long-term and provide institutional-quality execution and liquidity.

Mill City Ventures III, Ltd. (MCVT) has announced a strategic partnership with Galaxy Digital Inc. to manage its $450 million SUI treasury strategy. Under the agreement, Galaxy Digital will serve as the asset manager, providing infrastructure and expertise to actively manage the SUI treasury. The partnership aims to scale Mill City's SUI treasury strategy for the long term and deliver institutional-quality execution and liquidity [1].

The SUI treasury, launched by Mill City in collaboration with the Sui Foundation, is the first publicly-traded SUI treasury with official foundation backing. The treasury strategy positions investors to benefit from the technological advantages of the Sui blockchain, which is designed for scalability, speed, and security. Sui is one of the few blockchains built for mass adoption, supporting a wide range of applications from stablecoins to artificial intelligence to gaming to finance [1].

Galaxy Digital, a prominent crypto asset management firm, will leverage its extensive experience and resources to manage the SUI treasury. The firm's expertise in digital assets and emerging technology investments will be crucial in executing the treasury strategy. The partnership is expected to provide Mill City with access to institutional-grade deal flow and align its vision with the Sui Foundation, enabling long-term value creation [1].

The SUI treasury strategy is a significant milestone for Mill City and the broader digital asset ecosystem. By providing a clean, liquid, and institutional-grade way to access the SUI blockchain, the strategy opens the door for traditional capital to participate in the next chapter of crypto's evolution. Mill City expects to continue its SUI accumulation strategy by purchasing additional tokens on the open market, aiming to build the largest institutionally-managed SUI position in the public markets [1].

The partnership between Mill City and Galaxy Digital highlights the growing interest in institutional-grade crypto treasury strategies. As institutional crypto adoption accelerates, the need for robust and liquid treasury solutions becomes increasingly apparent. The strategic alliance between Mill City and Galaxy Digital is a testament to the potential of the Sui blockchain and the broader digital asset ecosystem [1].

References:
[1] https://www.omm.com/news/press-releases/o-melveny-advises-sui-foundation-in-connection-with-mill-city-ventures-us-450-million-private-placement/