Grayscale Unleashes Two Powerful Sui Ecosystem Trusts

Are you an accredited investor seeking new avenues in the burgeoning digital asset space? Grayscale, a leading crypto asset manager, recently made a significant announcement. The firm launched two new single-asset **crypto trusts** linked to protocols within the **Sui ecosystem**. This move offers accredited investors direct exposure to DeepBook (DEEP) and Walrus (WAL) native tokens. This development arrives amidst a notable surge in activity on the Sui network, marking a strategic expansion for Grayscale and potential opportunities for investors.

Grayscale Expands Offerings in the Sui Ecosystem

Grayscale’s latest initiative demonstrates its continued commitment to broadening investment access in the digital asset market. The launch of these two new trusts specifically targets the **Sui ecosystem**. This follows Grayscale’s initial Sui product introduced nearly a year ago. These investment vehicles are carefully designed to provide accredited investors with regulated pathways into emerging blockchain technologies. They offer a more traditional investment structure for crypto exposure.

DeepBook and Walrus represent crucial components of the Sui network’s infrastructure. Grayscale Head of Product and Research, Rayhaneh Sharif-Askary, highlighted their importance. She stated, “DeepBook and Walrus are the financial and active data management backbones of the Sui ecosystem, enabling developers to build fast, secure, and decentralized applications.” This underscores the strategic nature of Grayscale’s selections, focusing on foundational protocols.

DeepBook operates as an on-chain order book. It has reportedly processed over $10 billion in volume, showcasing its robust capabilities. Walrus, on the other hand, provides a platform for programmable data storage. The Walrus Foundation secured a substantial $140 million in March 2025 from investors like Standard Crypto. These protocols, while not currently among the top 10 Sui ecosystem projects by TVL according to DefiLlama, are pivotal for the network’s functionality and future growth.

Understanding DeepBook and Walrus: Key Sui Protocols

The **Sui ecosystem** is rapidly evolving, and protocols like DeepBook and Walrus are integral to its functionality. Understanding their roles clarifies Grayscale’s investment rationale. DeepBook functions as a decentralized exchange’s core component. It manages buy and sell orders directly on the blockchain. This on-chain order book model ensures transparency and immutability for trades. Its significant trading volume indicates a strong demand for its services within the Sui network.

Walrus focuses on a different, yet equally critical, aspect: data management. It offers programmable data storage solutions. This capability is vital for decentralized applications requiring efficient and secure ways to store and retrieve information. As the digital economy increasingly relies on data, Walrus’s role becomes more pronounced. Its successful fundraising round also signals investor confidence in its long-term potential.

Both protocols contribute to Sui’s vision of a high-performance blockchain. They facilitate complex financial operations and data-intensive applications. Grayscale’s decision to launch trusts for these specific assets suggests a belief in their foundational importance. It also points to their potential for significant adoption within the broader Web3 landscape. Investors now have a new, regulated avenue to participate in their growth stories.

Sui’s Surging DeFi Activity and Network Architecture

The **Sui ecosystem** has recently experienced a remarkable surge in decentralized finance (DeFi) activity. This increased engagement highlights the network’s growing prominence. The blockchain’s total value locked (TVL) reached an all-time high of $2.3 billion on July 28. Although it has since slightly adjusted to $2.2 billion, this figure still represents substantial growth. This TVL growth is a key indicator of user confidence and liquidity flowing into the network.

Launched in May 2023 by Mysten Labs, Sui was specifically engineered for high-throughput and low-latency transactions. This means it can process a large volume of transactions quickly and efficiently. A core feature enabling this performance is parallel transaction processing. Unlike traditional blockchains that process transactions sequentially, Sui can handle multiple transactions simultaneously. This significantly enhances its scalability and reduces congestion.

Sui’s unique blockchain architecture and programming language contribute to its efficiency. Rayhaneh Sharif-Askary noted, “Sui’s unique blockchain architecture and programming language open the door to faster, more efficient, and more affordable blockchain experiences.” This design makes Sui particularly attractive for various applications, including:

• Decentralized exchanges
• Gaming platforms
• Social media applications
• Other high-demand dApps

The network’s robust technical foundation directly supports the increasing DeFi activity. This creates a fertile ground for protocols like DeepBook and Walrus to thrive. The improved performance also benefits end-users, leading to smoother and more responsive decentralized applications.

Institutional Interest and Future Outlook for Crypto Trusts

The launch of these **crypto trusts** by Grayscale signals a broader trend of increasing institutional interest in the digital asset space. This trend is not limited to Grayscale’s offerings. On July 28, Mill City Ventures made headlines by becoming the first publicly traded company to create a Sui treasury. The company raised $441 million, dedicating 98% of the proceeds to purchasing Sui (SUI) tokens. Mill City Ventures followed this with another $500 million raise on August 1 for the same purpose. This significant institutional commitment propelled the company’s shares up 274% in one month, according to Google Finance.

Mysten Labs co-founder and chief product officer Adeniyi Abiodun emphasized the impact of these developments. He explained that through the Grayscale trusts, Mill City Ventures, and other investment vehicles, “institutions, their clients, and retail traders outside of traditional crypto platforms can have unprecedented exposure to the Sui ecosystem.” This expanding access is crucial for the mainstream adoption of digital assets. It bridges the gap between traditional finance and the innovative blockchain sector.

The creation of regulated investment products like these trusts provides a layer of security and familiarity for institutional investors. This comfort level is essential for attracting large-scale capital into the crypto market. As the market matures, more such products are likely to emerge, further integrating digital assets into global financial systems. Grayscale’s pioneering efforts with **DeepBook** and **Walrus** trusts are a testament to this ongoing evolution. They also highlight the growing confidence in the underlying technology and its potential for long-term value.

Looking ahead, the success of these trusts could pave the way for similar offerings across various blockchain ecosystems. This provides diversified investment opportunities. It also fosters greater liquidity and stability within the digital asset market. The continued growth of the **Sui ecosystem**, bolstered by institutional backing and innovative protocols, positions it as a significant player in the future of decentralized finance.