Grayscale unveils two new trusts tied to Sui ecosystem protocols

Grayscale has launched two single-asset trusts offering accredited investors exposure to DeepBook (CRYPTO:DEEP) and Walrus (CRYPTO:WAL), both part of the Sui (CRYPTO:SUI) blockchain ecosystem.

DeepBook is an onchain order book with over $10 billion in processed volume, while Walrus provides programmable data storage and raised $140 million from Standard Crypto and others in March 2025.

Grayscale’s head of product and research Rayhaneh Sharif-Askary described the two protocols as core infrastructure for fast, secure, and decentralised Sui applications.

The launch follows a surge in Sui network activity, with total value locked hitting a record $2.3 billion on July 28 before easing to $2.2 billion.

Sui, created by Mysten Labs in May 2023, uses parallel transaction processing to achieve high throughput and low latency.

Mill City Ventures recently became the first publicly traded company to establish a Sui treasury, raising $441 million in July and $500 million in August for Sui token purchases.

Mill City Ventures’ shares have climbed 274% in the past month, according to Google Finance.

Mysten Labs co-founder Adeniyi Abiodun said the new Grayscale trusts and other investment vehicles offer institutions, clients, and retail traders unprecedented exposure to the Sui ecosystem.

At the time of reporting, Sui price was $3.86.