Sui Group Holdings (SUIG), the one Nasdaq-listed firm with a proper relationship with the Sui Basis, goals to change into probably the most economically vital participant within the blockchain ecosystem, in keeping with Stephen McIntosh, the corporate’s chief funding officer.
The US-based specialty finance firm, previously often called Mill Metropolis Ventures, pivoted to a foundation-backed digital asset treasury (DAT) technique and rebranded to Sui Group Holdings in 2025. Suithe native token of the Sui community.
Though the agency continues to put money into and advise private and non-private corporations, McIntosh mentioned its priorities at the moment are clear. Sui and to construct an infrastructure that generates recurring income for shareholders.
“Our efficiency is at all times correlated with worth. Sui“The purpose is to change into probably the most progressive DAT available on the market by integrating straight into the Sui ecosystem,” McIntosh mentioned in an interview with CoinDesk.
develop up Sui Ministry of Finance
Sui Group at present holds roughly 108 million shares. Sui The tokens are price about $160 million, or simply beneath 3% of the circulating provide, McIntosh mentioned. The corporate’s short-term purpose is to extend its stake to five% of its circulating float, which he mentioned is an important milestone.
The corporate is already rising Sui The per share index, a benchmark much like Ether per share utilized by Ethereum-focused monetary companies, is between 1.14 and 1.34, McIntosh mentioned.
The PIPE (Personal Funding in Public Fairness) transaction was accomplished at: Sui It was buying and selling close to $4.20, whereas the Treasury was price round $400-450 million. Sui Group raised about $450 million and deliberately retained about $60 million to handle market danger, which helped keep away from a pressured token sale throughout a interval of volatility, McIntosh mentioned.
Sui Group’s digital belongings are saved and managed by Galaxy Digital (GLXY), the official asset administration firm.
From finance to enterprise operations
McIntosh mentioned the corporate is now shifting past shopping for and staking. Sui Transfer to a full operational mannequin.
The spotlight is a stablecoin with native yield in-built partnership with Sui Basis and Ethena. SuiUSDE is scheduled to go stay in February after continued testing. Sui Group was one of many first corporations to white label Ethena’s expertise on a community apart from Ethereum.
“Wall Road understands stablecoins a lot better than altcoins,” McIntosh mentioned. “This is a chance to seize a premium for public fairness.”
Beneath this construction, 90% of the charges generated by SuiUSDE might be returned to Sui Group Holdings and the Sui Basis for repurchase. Sui Redeployed on the general public market or into Sui native DeFi. Stablecoins are anticipated for use throughout decentralized exchanges (DEXs) corresponding to DeepBook, Bluefin, Navi, and Cetus, in addition to function collateral for the whole ecosystem.
McIntosh mentioned the purpose is to draw the yield-seeking DeFi customers that fueled Etena’s progress on Ethereum and convey that vitality to Sui, with talks underway with gamers like Pendle.
Ethena is a DeFi protocol on Ethereum targeted on making a crypto-native artificial greenback and monetary infrastructure that operates independently of conventional banking methods. Its flagship product is USDe, an artificial greenback designed to take care of a secure 1:1 peg with the US greenback by using delta-neutral hedging of crypto collateral mixed with spinoff positions, relatively than counting on fiat reserves held by banks.
DeFi income and yield objectives
Sui Group additionally signed a income sharing settlement with Bluefin, Sui’s main perpetual futures DEX. The corporate receives a share of transaction charges, including a recurring income stream to DAT.
“Criminals are the killer use case in cryptocurrencies,” McIntosh mentioned. “We left an organization that purchased and took inventory. Sui Transfer to an working enterprise that owns stablecoins and earns income from PERPS DEX. ”
Two extra ecosystem transactions are underway, he added.
in the meantime SuiMcIntosh mentioned the community’s base staking yield is round 2.2%, which is structurally deflationary because of the community’s mounted 10 billion token provide and charge burn mechanism, not like inflationary networks corresponding to Solana and Ethereum.
Mr McIntosh mentioned he was assured that Sui Group might push its efficient yield to round 6% via working revenue. Sui Even earlier than factoring in worth will increase, the inventory’s worth per share might enhance considerably over the subsequent 5 years.
“The mix of deflation and excessive yields provides us a really compelling long-term setup,” he mentioned.
Capital self-discipline and market volatility
McIntosh contrasted Sui Group’s method with different DATs which have struggled amid volatility, pressured token gross sales and convertible debt constructions.
Amid the latest market downturn, digital asset treasury corporations (publicly traded corporations whose core enterprise fashions are constructed round holding giant cryptocurrency balances) have come beneath sustained strain, forcing some to promote components of their cryptocurrency stacks and rethink their methods.
Sui Group not too long ago purchased again 8.8% of its inventory and nonetheless has about $22 million in money, which McIntosh mentioned provides it flexibility with out being pressured to make arbitrary selections.
“We’ve been affected person, used money successfully and never pursued monetary engineering,” he mentioned. “That self-discipline is vital on this market.”
Trying to 2026, McIntosh mentioned the corporate’s focus stays singular, making Sui Group Holdings the central financial actor within the Sui ecosystem and providing public market buyers a cleaner method to entry the corporate’s progress.
Learn extra: Staking goes mainstream: What 2026 will appear like for Ether buyers
