Mill City Ventures III, Ltd. (MCVT) announced a strategic partnership with Galaxy Digital Inc. Galaxy Asset Management, a division of Galaxy Digital, will serve as the asset manager for Mill City's $450 million SUI treasury strategy. This partnership aims to scale the SUI treasury for the long term.
Galaxy Digital is also a significant investor in Mill City, having participated in the recent $450 million private placement. This dual role as asset manager and investor provides institutional-quality infrastructure and deep market expertise for Mill City's digital asset holdings. The partnership will offer access to institutional-quality execution, liquidity, and tailored staking strategies.
Stephen Mackintosh, CIO of Mill City, highlighted that Galaxy's support is a major unlock, enabling active management of the SUI treasury. This collaboration is a meaningful step toward integrating digital assets into modern capital markets, according to Steve Kurz, Global Head of Asset Management at Galaxy. The partnership solidifies MCVT's unique competitive positioning as the only publicly traded SUI treasury with official Sui Foundation support.
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