Grayscale's 'Sui Trust' launches on U.S. OTC market

JOON HYOUNG LEE

Summary

U.S. asset manager Grayscale said it has launched a Sui (SUI)-based investment product.
The 'Sui Trust (GSUI)' is listed on the U.S. OTCQX over-the-counter market and provides investment exposure to the Sui blockchain.
Sui developer Mysten Labs said the launch will contribute to the expansion of institutions and investors and support ecosystem growth.

U.S. asset manager Grayscale has launched a new investment product based on Sui (SUI).

Grayscale said on the 20th (local time) that trading of its 'Sui Trust (GSUI)' began on OTCQX, the U.S. over-the-counter (OTC) market. Grayscale explained, "GSUI provides investment exposure to Sui, a layer-1 blockchain," adding, "Sui's emphasis on speed, scalability, and user experience (UX) is central to the innovation Grayscale pursues."

Sui also expressed optimism about GSUI. Adeniyi Abiodun, Chief Product Officer (CPO) of Mysten Labs, the developer of Sui, said, "Through Grayscale, more institutions and investors can join Sui's vision," and added, "This will support the continued growth of Sui's technology and ecosystem."

SUI