Sui is a public application/financial network. SUI is its native gas, security and storage asset. Mysten/Foundation success, app-token economics and institutional Sui adoption do not create identical SUI demand.
Full research cutoff25 Sep 2026Ledger reconciliation23 Oct 2026Score state30 Sep 2026CoverageLiving Coverage
Structural Token Opportunity
65 / 100
Warranted range 58–72
Confidence Medium
Range reflects disagreement warranted by current evidence, not future catalyst success.
Structural Token Opportunity is a durable structural assessment. It is not a price forecast, expected-return estimate, buy/sell recommendation, or current valuation score. STO measures structural token opportunity, not whether a token is attractive at today’s price. It does not score current valuation, near-term catalysts, entry conditions, market regime, flows or portfolio context.
Research assessment based on audited deep research, reconciled with the canonical Ledger. This curated projection is not the internal forensic monograph. Public publication remains subject to human review.
On this assessment
Current thesis
Can Sui settlement grow without proportional SUI demand?
Sui is a real mid-sized public economy with shared liquidity, live stablecoin settlement and modest funded institutional capital. Its option set extends into regulated securities, native-Bitcoin credit and confidential/controlled workflows, but major branches remain under conversion: HINC is funded, tZERO infrastructure is integrated, Paga is committed, and Hashi/privacy/Spheres are not scaled production.
SUI has real gas, stake and storage roles plus unusually strong regulated/treasury access and market-proxy transmission. Supported gasless transfers and app-layer tokens weaken required user-held balances. Staking can use existing/noncirculating inventory and rewards remain subsidy-supported.
Stablecoin reserve-yield acquisition operates without burn. The later Ledger dashboard through 1 October recorded about 799.7K SUI bought YTD, materially above the frozen report’s 23.8K snapshot. Acquired tokens are redistributed/reinvested; gross revenue is not all available acquisition funding and net supply absorption remains unproven. This later evidence has not changed the frozen scores.
Primary bypass / failure mechanism
Daya explicitly allows settlement without buying or holding SUI. Gas sponsorship, stablecoin principal and DEEP/app-token economics can deliver valuable Sui usage while required external SUI acquisition stays weak. Foundation inventory can satisfy strategic demand without equivalent open-market buying.
Multiple 2026 Mainnet stalls qualify institutional resilience even though consensus safety was preserved and the latest report-window period was clean. Broad validator operators do not establish beneficial stake distribution or independent production clients. The Cetus recovery was exceptional validator consensus, not demonstrated unilateral Foundation seizure.
Why it scores here
A real mid-sized network with broad institutional/payment optionality and unusually strong market transmission via regulated products and treasury ownership. Near-horizon supply is much cleaner than older headline unlock narratives suggested.
Selected major Connections
Selected connections — curated, not exhaustive. Selection emphasizes mechanism, limits and contrasting token implications, not institution prestige.
DayaSUIlive stablecoin settlementLive productionToken implication → inspect limitshard live SUI-holding bypass.SUI-DAYA-PAYMENTS-01 · expand to understand
Daya
network / infrastructure use · Payments & money
SUI · scope-specific stage: Live production
live stablecoin settlement
Canonical participating scope: Daya
Daya independently supports Sui as a live stablecoin settlement rail and explicitly abstracts the network token from users.
Sui Foundation announced that Hashi will begin phased mainnet rollout later in October 2026 with more than $500M of announced capital commitments and more than 20 ecosystem partners. Hashi's design secures native BTC on Bitcoin and represents eligible deposited collateral through hBTC on Sui for prospective lending, borrowing, credit and vault applications. Anchorage Digital independently confirmed its launch-partner role, with planned qualified-custody tri-party access through Atlas, self-custody through Porto and stablecoin-liquidity support.
Dated research scope / source limitation · September–8 October 2026 $500 million committed does not mean $500 million funded, deposited, lent or already earning fees. Scheduled launch is not completed live production. testnet previously live; Sui Foundation on 8 October announced a phased Hashi mainnet rollout later in October 2026 backed by more than $500M in capital commitments; mainnet launch and funded collateral are not yet verified Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
System implication
advances a previously tested BTC-backed credit architecture to a dated, institutionally supported launch commitment; production impact remains conditional on funded deployment and repeated use.
Public-token implication
no present quantified SUI capture. Potential backend gas/storage demand remains fee-light and cannot be inferred from committed BTC collateral value.
What is not proven
completed mainnet go-live as of 12 October; that $500M is already deposited, borrowed or deployed; live hBTC balances, first institutional loans, collateral velocity, lender revenue, enduring adoption, or material incremental SUI gas/storage demand or externally sourced SUI buying.
Tier B · September–8 October 2026 · Monitoring
Sui Foundation, 8 Oct. 2026 — https://www.sui.io/blog/hashi-mainnet-to-launch-with-500m-in-capital-backing-adds-anchorage-digital-to-coalition ; Anchorage Digital launch-partner confirmation — https://www.anchorage.com/press-room/anchorage-digital-joins-hashi-as-a-day-1-launch-partner ; Sui frozen report
System activity, retained economics, outside acquisition and final token destination are separate proving steps.
01Proven
Funded finance and live settlement
HINC had about $10.7M tracked Sui exposure; Daya is a live settlement rail. Commitments and technical integrations do not establish all company-wide volumes on Sui.
The Foundation converts reserve-yield economics into open-market purchases. The canonical Ledger extends the dashboard through 1 October, separately from the report cutoff.
Purchased SUI is redistributed/reinvested, not burned. Current storage-fund balance and net acquisition against subsidies/distributions are not fully reconstructed.
Hashi has a phased October 2026 mainnet rollout commitment, with more than $500M in announced capital commitments; completed go-live and funded credit are not verified. Audited Mainnet credit and meaningful attributable balances are required before assigning an operating capture path.
Investment access and proxy expectations are separate from current operating capture.
01Supported
Liquid network exposure
Regulated spot/staking products, public treasury access and spot/derivatives liquidity make SUI a strong proxy for future network importance. Individual-catalyst causality remains unproven.
Public Mainnet, DeepBook, gasless settlement, USDsui and funded HINC capital operate.
Gas, staking and storage mechanisms use SUI; reserve-yield market acquisition executes and recycles tokens.
Regulated fund and treasury ownership create real access/inventory channels with mixed sourcing.
The official near-2027 circulation schedule is moderate relative to the headline 10B maximum.
What Is Not Proven
The reported >$1T transfers represent adjusted consumer/B2B payments or proportional revenue.
tZERO’s ICE relationship proves ICE selected Sui; company-wide Paga/RedotPay volume is Sui production.
Hashi Mainnet BTC credit, audited production Confidential Transfers or named production financial Spheres exist at the report cutoff.
Stablecoin purchases burn SUI, staking is permanent removal or every investment balance was bought for cash on exchanges.
Token economics / structural supply
The official September 2026→December 2027 schedule rises from about 4.0965B to 4.3723B circulating SUI: roughly 275.75M / 6.73%. Scheduled availability is not realized selling. The large remaining supply is predominantly a delayed/unallocated post-2030 issue, not an imminent end-2027 unlock wall.
Approximately 5.22B delayed/post-2030 allocation remains a major long-duration governance/terminal-dilution uncertainty. The exact final private-investor vesting date was not primary-source established. Staking subsidies distribute existing allocated inventory into circulation; noncirculating tokens can stake.
Storage creates refundable sequestration and an economically permanent component, not ordinary fee burn. The current 2026 storage balance is unresolved; an older small snapshot is not presented as current. Foundation reserve-yield purchases are buy-and-redistribute and must be reconciled against subsidies and seller-capable flows.
Regulated vehicles held about 77.8M SUI at 30 June with different cash/in-kind mechanics. SUI Group’s original Foundation agreement covered 44M SUI; the 30 June 2026 disclosure identifies 32,613,028 restricted acquired tokens through 30 August 2027, a seller-option date rather than predicted selling. Fund, treasury and staking inventories must not be added as independent demand.
Upgrade / proving triggers
Institutional/payment pathways convert into large persistent balances and measurable SUI demand without relying on Foundation inventory.
Paga, tZERO and bank pathways reveal material Sui-specific funded balances and recurring flows.
Hashi Mainnet produces attributable BTC collateral/loans; audited privacy and named Spheres become production.
Persistent stablecoin float and utility-linked external acquisition become material against circulating releases without depending on Foundation inventory.
A long clean liveness interval and independent production clients strengthen institutional confidence.
Downgrade triggers
Forward institutional options fail to convert and the network remains modest while token demand stays primarily reflexive.
Institutional options remain developmental or multichain distribution produces little Sui share.
More outages or common software failures undermine dependable production.
Investment demand reverses while recycled acquisition and app-token leakage remain weak supply absorption.
Foundation/post-2030 allocation or strategic distributions worsen the previously moderate near-horizon burden.
Load-bearing evidence
Ten selected canonical records, including adverse evidence. Expand the register for additional facts, source references and limits.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Dynamic source — claim reflects the Evidence date (August–September 2026); current values may differ.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Connection Family
Directional effect
Supportive
Evidence date
August–September 2026
Entity
Neuberger Berman / Securitize / HINC
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance / Adoption — Review — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Enabler
Directional effect
Supportive
Evidence date
25 August 2026
Entity
tZERO
Evidence class / relevance
Network proof / Access
Scorecard handoff
System Importance / Access — Review — classification retained; no score changed.
native-Bitcoin-backed institutional credit, vaults and collateral financing on Sui
Scheduled / committed deployment · Monitoring
Dated research scope / source limitation · September–8 October 2026 $500 million committed does not mean $500 million funded, deposited, lent or already earning fees. Scheduled launch is not completed live production. testnet previously live; Sui Foundation on 8 October announced a phased Hashi mainnet rollout later in October 2026 backed by more than $500M in capital commitments; mainnet launch and funded collateral are not yet verified Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
Sui Foundation announced that Hashi will begin phased mainnet rollout later in October 2026 with more than $500M of announced capital commitments and more than 20 ecosystem partners. Hashi's design secures native BTC on Bitcoin and represents eligible deposited collateral through hBTC on Sui for prospective lending, borrowing, credit and vault applications. Anchorage Digital independently confirmed its launch-partner role, with planned qualified-custody tri-party access through Atlas, self-custody through Porto and stablecoin-liquidity support.
System effect
advances a previously tested BTC-backed credit architecture to a dated, institutionally supported launch commitment; production impact remains conditional on funded deployment and repeated use.
Token effect
no present quantified SUI capture. Potential backend gas/storage demand remains fee-light and cannot be inferred from committed BTC collateral value.
What is not proven
completed mainnet go-live as of 12 October; that $500M is already deposited, borrowed or deployed; live hBTC balances, first institutional loans, collateral velocity, lender revenue, enduring adoption, or material incremental SUI gas/storage demand or externally sourced SUI buying.
Source reference
Sui Foundation, 8 Oct. 2026 — https://www.sui.io/blog/hashi-mainnet-to-launch-with-500m-in-capital-backing-adds-anchorage-digital-to-coalition ; Anchorage Digital launch-partner confirmation — https://www.anchorage.com/press-room/anchorage-digital-joins-hashi-as-a-day-1-launch-partner ; Sui frozen report
$500 million committed does not mean $500 million funded, deposited, lent or already earning fees. Scheduled launch is not completed live production. testnet previously live; Sui Foundation on 8 October announced a phased Hashi mainnet rollout later in October 2026 backed by more than $500M in capital commitments; mainnet launch and funded collateral are not yet verified https://www.sui.io/blog/hashi-mainnet-to-launch-with-500m-in-capital-backing-adds-anchorage-digital-to-coalition — Readable dated October 8 announcement; future phased rollout and capital commitments, not funded deposits or completed go-live. https://www.anchorage.com/press-room/anchorage-digital-joins-hashi-as-a-day-1-launch-partner — Readable first-party launch-partner confirmation, prospective Atlas/Porto routes; no live loan or deposit verification. Historical report context: Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
System Importance / Adoption — Hold; first funded mainnet vault and loan telemetry would warrant future review — classification retained; no score changed.
Pending Scorecard reconciliation — 2 October observation with dashboard data through 1 October is newer than the 25 September report and 30 September registry. Approximately 799.7K SUI acquired YTD supersedes the older retrieval for this later window; purchases remain redistributed, not burned. Gross network revenue is not all acquisition funding and net supply absorption is unproven. No score action is inferred.
stablecoin-yield-funded open-market SUI acquisition
Live production · Corrected
Sui Foundation states that stablecoin yield is converted into daily onchain open-market SUI purchases. The live dashboard showed approximately 799.7K SUI bought back YTD through 1 October 2026, approximately $2.9M of YTD network revenue including estimated current-month rewards, and a 1 October purchase of about $7.3K / 6.3K SUI.
System effect
strengthens evidence that stablecoin float produces a recurring monetization loop rather than only fee-light transaction activity.
Token effect
direct external SUI acquisition is clearly operating and materially larger than the frozen September telemetry, but remains small/early relative to SUI market scale and is a recycling mechanism rather than permanent removal.
What is not proven
material net supply absorption at network scale; permanent scarcity; or that all reported gross network revenue is available for buybacks. Purchased SUI is not burned and is redistributed/reinvested into DeFi, validators and other ecosystem participants.
Source reference
Sui Foundation buyback dashboard, observed 2 Oct. 2026 with data through 1 Oct. 2026 — https://www.sui.io/buybacks
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Dynamic source — claim reflects the Evidence date (official 2026 schedule); current values may differ.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Native Engine / Footprint
Directional effect
Supportive
Evidence date
official 2026 schedule
Entity
Sui circulation API
Evidence class / relevance
Tokenomics proof / Supply
Scorecard handoff
Supply — Review — classification retained; no score changed.
Exact EDGAR product disclosure states the delayed allocation. It is issuer disclosure about the protocol, not independent SEC verification of protocol facts.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Read the three fund schedules together for the synchronized total and distinct creation/redemption accounting. Holdings do not prove cash-funded market purchases.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Sui experienced a roughly six-hour January 2026 Mainnet stall and additional outages around May 28–29, after an earlier 2024 halt; safety was preserved in the major 2026 stall.
System effect
material resilience discount for conservative institutional use.
Token effect
confidence/valuation risk.
What is not proven
persistent unreliability; the latest 90-day period at cutoff was clean.
Source reference
Sui frozen report; Sui postmortems
Original Ledger reference has no direct URL; see the dated report mapping below.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Negative Control
Directional effect
Damaging
Evidence date
2024–2026
Entity
Sui Mainnet
Evidence class / relevance
Network proof / Risk
Scorecard handoff
Risk — Potential-change candidate — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Native Engine / Footprint
Directional effect
Mixed
Evidence date
September 2026
Entity
DeepBook
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance / Economic Capture — Review — classification retained; no score changed.
Deeper evidence register
22 additional canonical records. Open a record to inspect its fact, implications and limits.
SUI-GASLESS-01sponsored / gasless stablecoin transfer
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Contextual research — conditional source deferral · inherited pre-freeze telemetry Research context at inherited pre-freeze telemetry. Adequate solely as an explicitly inherited unverified claim. Frozen audit §0.2 says strong primary reconstruction was not recovered. Not admissible as verified transfer/adoption evidence. This is not independently verified live production, token capture, legal authorization or a current quantitative measurement. It adds no new score credit. Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
The inherited five-day stablecoin-transfer figure was not strongly reconstructed by the frozen audit. It is retained as historical provenance of an unverified claim, not admitted as established economic activity or current adoption telemetry.
System effect
retained only as historical provenance.
Token effect
no current capture credit.
What is not proven
sufficiently strong primary reconstruction to preserve the exact figure as current canonical economic telemetry.
Source reference
Ledger v4; Sui frozen report audit correction
Direct source link pending verification.
Source mappings & forensic provenance
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Native Engine / Footprint
Directional effect
Neutral
Evidence date
inherited pre-freeze telemetry
Entity
Sui stablecoin activity
Evidence class / relevance
Network proof / Network
Scorecard handoff
Adoption — Hold — classification retained; no score changed.
SUI-CUMULATIVE-TELEMETRY-01cumulative stablecoin transfer telemetry
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates. Methodology/historical-study references qualify gross transfer interpretation; they are not a verified direct original trillion-dollar release.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Native Engine / Footprint
Directional effect
Supportive
Evidence date
2025–2026
Entity
Sui stablecoin activity
Evidence class / relevance
Network proof / Network
Scorecard handoff
Adoption — Review — classification retained; no score changed.
SUI-INTERPRETATION-WARNING-01denominator / economic-quality control
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Negative Control
Directional effect
Damaging
Evidence date
2026
Entity
stablecoin-transfer telemetry
Evidence class / relevance
Network proof / Risk
Scorecard handoff
Adoption Quality — Review — classification retained; no score changed.
SUI-OPEN-USD-01business-led multichain stablecoin support
Dated research scope / source limitation · 30 June 2026 participation; assessed against 30 September 2026 launch documentation Sui participation is supported; Sui-specific production issuance, mint/redemption support and transfers are not established by the recovered issuer chain lists. Other chains’ live OUSD and similarly named unrelated Sui tokens do not establish this deployment. No direct SUI token-capture claim follows. Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
Sui is named among Open USD ecosystem participants; Sui-specific production issuance or transfer support is not established by the recovered issuer documentation.
System effect
ecosystem participation; realized chain-specific stablecoin distribution not established.
Token effect
indirect.
What is not proven
Chain-specific production issuance, mint/redemption support and transfers are not established; material Sui-specific balances or payment volume are not proven.
Source reference
Ledger v4; Open Standard 30 Jun 2026 ecosystem participation — https://joinopenstandard.com/blog/introducing-open-usd ; Open Standard 30 Sep 2026 live chain list — https://joinopenstandard.com/blog/ousd-is-live/ ; Open Standard supported-chain integration list (retrieved 10 Oct 2026) — https://joinopenstandard.com/integrate/
October 10 research-authority source binding. Sui participation is supported; Sui-specific production issuance, mint/redemption support and transfers are not established by the recovered issuer chain lists. Other chains’ live OUSD and similarly named unrelated Sui tokens do not establish this deployment. No direct SUI token-capture claim follows. OCT10-R16: Business-participant list and final launch-timing paragraph. Direct retrieval: Aptos Labs, Stellar and Sui are named participants; launch described as later in 2026. Participant identity is not a native deployment matrix. OCT10-R17: Start building, official addresses and issuer paragraphs. Direct retrieval: product launch and native-chain enumeration. Published after the Sept22/25 asset reports; before Oct9 Ledger freeze. Not historical proof of June or September-before-launch production. OCT10-R18: Blockchain availability, Issuer and availability/terms sections. Direct retrieval. Lists Base, Ethereum, Solana, Tempo; Bridge Building Inc. and eligibility/geographic restrictions. Does not enumerate the three referred chains.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Enabler
Directional effect
Supportive
Evidence date
30 June 2026 participation; assessed against 30 September 2026 launch documentation
Entity
Open USD ecosystem
Evidence class / relevance
Network proof / Network
Scorecard handoff
Adoption — Hold — classification retained; no score changed.
SUI-FIREBLOCKS-01institutional custody / address balances / gas abstraction
institutional custody / address balances / gas abstraction
Live production · Active
Dated research scope / source limitation · 2026 Fireblocks documents custody/native SUI transfer support; Sui documents Fireblocks Address Balances integration. General gasless adoption/rollout does not establish universal Fireblocks-client activation or attributable payment scale. The syndicated Sui release is not independent corroboration. Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
Fireblocks supports Sui institutional transaction/custody infrastructure and gasless stablecoin workflows.
System effect
lowers institutional access friction.
Token effect
can abstract SUI from end users.
What is not proven
scaled organic payment demand attributable to Fireblocks.
Source reference
Ledger v4; Sui frozen report
Original Ledger reference has no direct URL; see the source mapping below.
October 10 research-authority source binding. Fireblocks documents custody/native SUI transfer support; Sui documents Fireblocks Address Balances integration. General gasless adoption/rollout does not establish universal Fireblocks-client activation or attributable payment scale. The syndicated Sui release is not independent corroboration. OCT10-R30: Expanding Secure Access to Sui and What’s Next. Direct retrieval: early custody/native transfer support; WalletConnect/staking and general availability described prospectively. No blanket all-product GA inference. OCT10-R31: Address Balances/Fireblocks paragraph and final Mainnet-rollout sentence. Direct retrieval: launch support for Address Balances, gasless adoption to follow. Does not assert all Fireblocks clients already enabled. OCT10-R32: Integration-before-rollout paragraph and Fireblocks executive attribution. Direct retrieval. Primary issuer-authored syndicated release, not independent corroboration of R31; integration and general client availability are different.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Forecast Target
Directional effect
Supportive
Evidence date
2026
Entity
Paga
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance / Adoption — Potential-change candidate — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Forecast Target
Directional effect
Supportive
Evidence date
September 2026
Entity
Sui Confidential Transfers
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance — Review — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Forecast Target
Directional effect
Supportive
Evidence date
2026
Entity
Sui Spheres
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance — Hold — classification retained; no score changed.
SUI-FIGURE-YLDS-01tokenized yield asset / DeepBook-linked financial use
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Forecast Target
Directional effect
Supportive
Evidence date
2026
Entity
Figure / YLDS
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance / Adoption — Review — classification retained; no score changed.
Dated research scope / source limitation · 2026 The frozen research describes Erebor pathways and Bison electronic-money tokens while withholding Sui-specific balances. Exact Sui pathway and regulated-entity authorization locators remain unbound. A token launch alone does not prove Sui integration, licensed activity on this chain or funded institutional use. Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
regulated bank/e-money institutions are connected to documented Sui integration pathways.
System effect
increases regulated-money optionality.
Token effect
indirect.
What is not proven
material bank-confirmed Sui-specific balances or recurring settlement volume.
Source reference
Sui frozen report
Direct source link pending verification.
Source mappings & forensic provenance
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Enabler
Directional effect
Supportive
Evidence date
2026
Entity
Erebor Bank / Bison Bank / Remi-related pathways
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance — Review — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Connection Family
Directional effect
Supportive
Evidence date
2025–2026 context
Entity
Athens Exchange / Mysten Labs
Evidence class / relevance
Network proof / Network
Scorecard handoff
System Importance — Hold — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Native Mechanism
Directional effect
Supportive
Evidence date
current
Entity
Sui storage fund / staking system
Evidence class / relevance
Tokenomics proof / Economic Capture
Scorecard handoff
Economic Capture — Hold — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Risk / Bypass
Directional effect
Mixed
Evidence date
September 2026
Entity
SUI release schedule
Evidence class / relevance
Tokenomics proof / Supply
Scorecard handoff
Supply — Potential-change candidate — classification retained; no score changed.
Dated research scope / source limitation · 3 August 2026 treasury total; 30 June 2026 restricted-inventory disclosure; both published 6 August 2026 The 3 August 2026 company-reported total includes loan receivables. The original 44,000,000 SUI purchase block and 30 June 2026 restricted accounting quantity of 32,613,028 SUI have distinct dates and scopes; neither is additive inventory. Both disclosures were published 6 August 2026. A future transfer restriction expiry is not a sale. Canonical Stage, Tier and Lifecycle are research classifications retained from the accepted Ledger; this notice is not new source verification.
As of 3 August 2026, SUI Group reported 109,141,243 SUI including 6,000,000 SUI loan receivables. Its original Foundation purchase agreement covered 44,000,000 SUI; the 30 June 2026 filing identifies 32,613,028 restricted acquired tokens in its accounting disclosure, with transfer restrictions through 30 August 2027.
System effect
public-equity exposure route.
Token effect
persistent balance demand with mixed sourcing and future seller-option date.
What is not proven
that all treasury inventory is open-market acquired or that restricted inventory will be sold when transferable. Company-reported holdings include receivables; a complete custody-only reconciliation and the disposition of the difference from the original Foundation block are not established.
Source reference
Sui frozen report; SEC filings; SUI Group 6 Aug 2026 Exhibit 99.1 Treasury Update (3 Aug 2026 total) — https://www.sec.gov/Archives/edgar/data/1425355/000114036126031679/ef20079607_ex99-1.htm ; SUI Group 6 Aug 2026 Form 10-Q Notes 1, 3, 4 and 5 (30 June 2026 accounting) — https://www.sec.gov/Archives/edgar/data/1425355/000165495426007355/suig_10q.htm
October 10 research-authority source binding. The 3 August 2026 company-reported total includes loan receivables. The original 44,000,000 SUI purchase block and 30 June 2026 restricted accounting quantity of 32,613,028 SUI have distinct dates and scopes; neither is additive inventory. Both disclosures were published 6 August 2026. A future transfer restriction expiry is not a sale. OCT10-R09: Treasury Update. Direct SEC exhibit retrieved: company-reported total includes specified loan receivables; not a custody-only metric. OCT10-R10: Notes 1, 3, 4, 5, printed pp.8–12: Foundation purchase agreement, restriction/accounting quantity, digital-asset rollforward, loans and other receivables. Direct retrieval succeeded. Different as-of date from R09; not evidence of a later unlock or sale.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Access / External Acquisition
Directional effect
Mixed
Evidence date
3 August 2026 treasury total; 30 June 2026 restricted-inventory disclosure; both published 6 August 2026
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Risk / Bypass
Directional effect
Mixed
Evidence date
September 2026
Entity
Sui validator network
Evidence class / relevance
Network proof / Risk
Scorecard handoff
Risk — Review — classification retained; no score changed.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Governance
Directional effect
Mixed
Evidence date
2026
Entity
Sui validators / Cetus recovery
Evidence class / relevance
Network proof / Risk
Scorecard handoff
Risk / Governance — Hold — classification retained; no score changed.
SUI-MARKET-PROXY-01liquid proxy for Sui network expectations
regulated products, corporate treasury access, deep spot/derivatives liquidity and high-beta behavior make SUI a strong market proxy for future Sui network importance.
System effect
none directly.
Token effect
meaningful reflexive demand can precede mechanical capture.
What is not proven
causal attribution to individual institutional announcements or stable repeatable magnitude.
Source reference
Sui frozen report
Original Ledger reference has no direct URL; see the dated report mapping below.
Exact URLs supplied by the bound dated report; source classes and snapshot definitions remain qualified. Live availability was not retested. These mappings do not independently verify later Ledger updates.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Market Transmission
Directional effect
Supportive
Evidence date
2026
Entity
public SUI market
Evidence class / relevance
Sentiment/reflexive proof / Market Transmission
Scorecard handoff
Market Transmission — Review — classification retained; no score changed.
SUI-SAMSUNG-WALLET-USDC-01embedded Samsung Wallet USDC payment / cross-border remittance support on Sui
embedded Samsung Wallet USDC payment / cross-border remittance support on Sui
Scheduled / committed deployment · Monitoring
Samsung named Sui, alongside Solana, an infrastructure partner for its upcoming USDC wallet and cross-border payment service. Sui Foundation confirmed Sui USDC integration scheduled for eligible Galaxy Wallet users. Samsung cited compatibility with about 82M U.S. Galaxy devices and bank-account payouts in more than 60 countries; Bastion/Coinbase Prime provide money movement/custody infrastructure. Sui's gasless transfer architecture removes the user's need to hold SUI; the Sui Foundation explicitly states SUI is not supported in the initial wallet offering.
System effect
significant mainstream wallet distribution pathway into USDC on Sui, not 82M transacting users or 82M independent chain wallets.
Token effect
no mandatory end-user SUI acquisition for the supported gasless transfers and no material new SUI capture evidence; any sponsored/infrastructure economics must be measured separately.
What is not proven
a live Samsung USDC-on-Sui transfer before rollout, user activation/chain-routing share, funded balances, economic payment volume, marginal SUI purchases, per-transfer SUI scarcity, or exclusivity against Solana.
Source reference
Samsung Electronics America official 7 Oct. 2026 release — https://news.samsung.com/us/samsung-wallet-bring-stablecoin-access-eligible-galaxy-users-us/ ; Sui Foundation 8 Oct. 2026 release — https://www.sui.io/blog/samsung-collaborates-with-sui-to-bring-usdc-to-samsung-wallet-on-82-million-u-s-galaxy-devices
institutional API custody support for SUI and Sui fungible coins including native USDC
Infrastructure / enabler · Active
Ripple Custody release 1.43 supports receiving, holding, quarantining, releasing and sending native SUI and supported Sui fungible coins through the API, with configurable validity windows for cold-vault signing.
System effect
institutional custody operational readiness and multichain access for Sui; Ripple-company platform support is not Ripple choosing Sui as default settlement.
Token effect
potential SUI custody/access channel but no funded inventory, staking or protocol fee demand directly established.
What is not proven
that a named Ripple customer holds or transfers SUI, custody balance/transactions, broad Sui UI support, or incremental SUI external buying.
Accepted October 16 canonical source locators; no independent retrieval or current-value verification by this website maintenance. Historical mappings retained. that a named Ripple customer holds or transfers SUI, custody balance/transactions, broad Sui UI support, or incremental SUI external buying.
Canonical source reference retained above. Supplemental mappings do not overwrite the Ledger.
Limits & record details
Record type
Enabler
Stage qualifier
commercial software feature available in 1.43; API only, not supported by Custody UI in this release
Directional effect
Supportive
Evidence date
5 October 2026
Entity
Ripple Custody v1.43; Sui
Evidence class / relevance
Access/liquidity proof / Access
Scorecard handoff
Access / System Importance — Hold — classification retained; no score changed.
What Changed / history
25 September 2026 — frozen forensic snapshot. Its 23.8K-SUI YTD acquisition retrieval is historical; the inherited five-day transfer claim was not recovered strongly enough to use as current economic telemetry.
SUI-FIVE-DAY-TELEMETRY-01: Research context at inherited pre-freeze telemetry. Adequate solely as an explicitly inherited unverified claim. Frozen audit §0.2 says strong primary reconstruction was not recovered. Not admissible as verified transfer/adoption evidence. This is not independently verified live production, token capture, legal authorization or a current quantitative measurement. It adds no new score credit.
30 September — frozen synchronized Score Registry. Sui report §26 older Network/Forward Token scores and diagnostic grades are not current website numbers.
2 October Ledger observation, data through 1 October — SUI-STABLECOIN-BUYBACK-01 shows about 799.7K SUI acquired YTD and roughly $2.9M YTD gross network revenue including estimated current-month rewards. The later scale is real Ledger evidence, not a silently revised forensic snapshot or documented numerical update.
Research authority / freshness
Research depth
Audited Deep Research
Forensic authority
Sui / SUI AUDITED FINAL / FROZEN RESEARCH AUTHORITY v1.0 · evidence cutoff 25 September 2026
Evidence authority
Canonical Ledger vNext FINAL FROZEN · 2026-10-23
Numerical authority
Scorecard v2 · registry 2026-09-30
Methodology
v2.0-STRUCTURAL-FROZEN
Public publication
Initial public release
Material public modification
Not applicable before public publication
Presentation
Dated controlled research projection; material public changes require human review.
