Mill City Ventures, Initiates 'SUI Treasury Strategy' in Collaboration with Sui Foundation

U.S. NASDAQ-listed company Mill City Ventures III announced its Q2 results as of the end of June, along with its latest strategic moves, on the 14th (local time). While continuing its traditional short-term commercial lending and specialty finance business, the company revealed that on the 31st of last month, it introduced the world's first listed 'SUI-based treasury strategy.'

Through this strategy, Mill City allocates a core part of its balance sheet assets (treasury) to the SUI token on the Sui blockchain. Notably, through an agreement with the Sui Foundation, the company established the industry's first listed company-style SUI treasury structure.

A Mill City spokesperson stated, "We have signed a token purchase agreement in consultation with the Sui Foundation," and added, "Thanks to the regulatory framework of listed companies, retail investors can also access this strategy." The spokesperson continued, "Through SUI-based treasury management, we aim to share insights on technology trends and ecosystem growth, and provide institutional-grade instruments with liquidity and transparency." They added, "Sui is a highly scalable blockchain designed for global adoption, and is expected to create long-term value opportunities."