Sui Network Bolsters Bluefin Partnership with $24 Million Loan Hike

Sui Network has expanded its partnership with Bluefin by increasing the digital asset loan agreement to support Bluewater Labs' acquisition of Suilend.

The amended agreement now totals 6 million SUI tokens, up from an earlier loan of 2 million SUI and adds another 4 million SUI to back Bluefin's role in financing Bluewater's acquisition of Suilend, the largest lending and decentralized finance platform on the Sui blockchain.

The revised agreement shifts the arrangement from a standard lending agreement to a revenue-sharing model tied to Bluefin's operations and affiliated businesses involved in the Suilend transaction.

Sui Network has also introduced confidential transfers in public beta on Devnet, allowing users to block transaction amounts and account balances while keeping wallet addresses visible on-chain.