SUI Group partners with Bluefin for strategic lending on Sui blockchain

WAYZATA, Minn. - SUI Group Holdings Limited (NASDAQ:SUIG) announced a strategic partnership and lending agreement with Bluefin, a decentralized exchange on the Sui blockchain, according to a press release statement issued Monday. The announcement comes as SUIG stock trades at $2.74, having experienced significant price volatility with a 74% gain over the last six months despite recent weakness.

Under the agreement, SUI Group will lend 2 million SUI to Bluefin and receive a 5.00% revenue share from Bluefin, payable in SUI. The company expects this arrangement to provide enhanced returns compared to staking. With a market capitalization of $225 million and a current ratio of 10.21, InvestingPro data shows SUIG has liquid assets that comfortably exceed its short-term obligations.

The partnership aims to leverage SUI Group’s network of institutional market participants to drive adoption of Bluefin’s trading and lending products across traditional finance, potentially accelerating entry of hedge funds, asset managers, and market makers into on-chain markets.

"This partnership extends beyond capital – we are looking to build the bridge from Wall Street to SUI," said Marius Barnett, Chairman of SUI Group.

According to data provided by Bluefin, its trading volumes have grown from approximately $1 billion in September 2024 to more than $4.2 billion in August 2025. The platform reports supporting over $82 billion in cumulative traded volume and $34 million in fees across 2.3 million accounts since launch.

Bluefin’s lending markets have reached roughly $150 million in total value locked since launching in May 2025, while its Vaults product has accumulated over $90 million in deposits, according to the company.

Zabi Mohebzada, Co-Founder of Bluefin, stated that the partnership represents "a milestone in our mission to make on-chain markets accessible to the world."

SUI Group describes itself as the only publicly traded company with an official Sui Foundation relationship, providing institutional-grade exposure to the SUI blockchain.

In other recent news, SUI Group Holdings Ltd. has amended its Articles of Incorporation to significantly increase its authorized capital stock from 111,111,111 shares to 2,000,000,000 shares. This amendment, approved by shareholders, was officially filed with the Minnesota Secretary of State. Additionally, the company disclosed holding 105,393,692.55 units of the SUI cryptocurrency, acquired for approximately $381.5 million. Mill City Ventures III, Ltd., now rebranded as SUI Group Holdings, has embraced a strategic focus on building a SUI blockchain-based treasury. The company has accumulated 81,871,794 SUI tokens, valued at approximately $316 million, as part of this strategy. The initiative includes staking these tokens to generate about $26,000 daily. The rebranding also includes a change in its ticker symbol from MCVT to SUIG. This move reflects the company’s official relationship with the Sui Foundation, aiming to provide institutional exposure to the SUI digital asset.

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