Mill City Ventures Successfully Raises ¥68.8 Billion, Launches SUI Financial Strategy

Non-bank lending company Mill City Ventures (NASDAQ: MCVT) announced on the 31st that it has completed a private investment of $450 million (¥68.8 billion), marking the start of the industry's first Sui blockchain financial strategy. This makes it the first listed SUI financial company to receive support from the Sui Foundation. Related: Mill City, a NASDAQ-listed lending company, raises over ¥60 billion to kickstart SUI's financial strategy. The lead investor, London-based hedge fund 'Karateej Opportunities', along with equivalent investments from the Sui Foundation, were instrumental in this initiative. Other participants included Galaxy Digital, Pantera Capital, and Electri...