SUI Group Co-Leads $15 Million Funding Round for AI Trading Lab Nof1, Makes Strategic Investment in Recursive Superintelligence

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Investments Reflect Growing Link Between Sui’s Blockchain and Ecosystem, and Agentic Finance and Artificial Intelligence

WAYZATA, Minn.--(BUSINESS WIRE)-- SUI Group Holdings Limited (NASDAQ: SUIG) (“SUI Group” or the “Company”), today announced it has co-led with Karatage Opportunities a $15 million funding round for Nof1, a world-class AI research lab training frontier models focused on financial markets, SUI Group has also made a strategic investment in Recursive Superintelligence’s recent $650 million funding round, an AI research company building self-improving AI systems, valued at more than $4 billion.

Sui Group invested $3 million in each of Nof1 and Recursive Superintelligence. Both investments were made alongside Karatage, the London-based proprietary hedge fund specializing in digital assets and emerging technology. SUI Group and Karatage made their strategic investments directly into Nof1 and, separately, into Recursive Superintelligence via a structured deal with Twin Path ventures.

Karatage owns 5.63% of the common stock of SUI Group and acts as strategic advisor to the Company. Marius Barnett and Stephen Mackintosh, who are co-founders of Karatage Opportunities, serve as SUI Group’s Chairman of the Board of Directors and Chief Investment Officer, respectively. The independent and disinterested members of the board of directors of SUI Group reviewed and unanimously approved SUI Group’s investments in Recursive and Nof1.

“SUI Group is committed to finding innovative ways to drive shareholder value, and we believe agentic finance represents one of the most compelling opportunities ahead," said Marius Barnett, Chairman of SUI Group. “Nof1 aims to build the scaffolding and intelligence to power AI-driven trading today, while Recursive Superintelligence is working toward foundational capabilities that will define what AI can do tomorrow. Together, they reflect our vision for where this space is heading, and our intent to lead it.”

Nof1's flagship experiment, Alpha Arena, is the first live benchmark designed to test whether frontier AI models can generate alpha in real markets. In Season 1 and Season 1.5, eight leading models – including those from OpenAI, Anthropic, Google, xAI, and Alibaba – each received $10,000 in real capital and traded autonomously. Across 32 sets of results, models finished in profit only six times. The experiments, which drew over 50 million views on social media, validated Nof1's core thesis: that today's frontier models require purpose-built training and infrastructure to trade effectively. Nof1 plans to launch Season 2, developing its own models, equipping them with web search capabilities, extended reasoning time, and multi-step execution. Following Season Two, Nof1 intends to launch a consumer platform with the world’s first coding agents for markets. The platform will feature Nof1’s frontier models, developed using open ended AI architecture which continually improves and aims to eclipse human and algorithmic traders. SUI Group will look to use these models to drive yield and return for the Company’s treasury. Nof1’s leadership team brings together a distinguished team of entrepreneurs and researchers with deep roots across the AI industry including senior positions at DeepMind, Renaissance Technologies amongst others.

Recursive Superintelligence is an AI research company building AI systems that can recursively improve themselves. The company emerged from stealth in May 2026 with a $650 million funding round, in which both SUI Group and Karatage participated. This funding is intended to enable Recursive Superintelligence to continue pursuing open-ended algorithms designed to drive continuous, self-sustaining scientific discovery. The company's leadership team brings together a distinguished group of researchers and entrepreneurs with deep roots across the AI industry including senior positions at OpenAI, DeepMind, Google Brain, and Meta.

SUI Group expects both investments to contribute to its broader strategy of delivering exposure to the rapidly expanding opportunity in Agentic Finance.

About SUI Group Holdings Limited
SUI Group is the only publicly traded company with an official Sui Foundation relationship, providing institutional-grade exposure to the SUI blockchain. Through its industry-first SUI treasury strategy, SUI Group is building a premier, foundation-backed digital asset treasury platform designed for scale, transparency and long-term value creation. SUI’s high-speed, horizontally scalable architecture positions it as one of the leading blockchains designed for mass adoption, powering next-generation applications in finance, gaming, AI and beyond. The Company plans to continue its specialty finance operations while executing its SUI treasury strategy. For more information, please visit www.SUIG.io.

About Karatage Opportunities
Karatage is a London-based proprietary hedge fund specializing in emerging technology investments across digital assets, artificial intelligence, and gaming. Founded by Marius Barnett and Stephen Mackintosh, Karatage focuses on identifying and backing high-growth projects building next-generation technology with mass-market appeal. As a significant early investor in the Sui ecosystem, the Karatage team brings deep operational experience across the blockchain ecosystem. For more information about Karatage, please visit karatage.io. For more information on the relationship between Karatage Opportunities and SUI Group, see SUI Group’s Registration Statement on Form S-1 (File No. 333-289438), Annual Report on Form 10-K and the other documents filed with the Securities and Exchange Commission.

Forward Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of forward-looking terminology including “may,” “believe,” “expect,” “intend,” “anticipate,” “plan,” “should,” “estimate,” “continue,” “potential,” “will,” “hope” or other similar words and include the Company’s expectation of future performance contained herein. These statements include, but are not limited to, expectations regarding the Company’s or any other party’s (including Recursive Superintelligence and Nof1) future performance and growth, their ability to successfully execute their strategic plans, the Company’s digital asset treasury, the implementation of the Company’s stablecoin strategy, and the nature and performance of digital assets held by the Company, Recursive Superintelligence or Nof1.

Forward-looking statements are subject to significant risks and uncertainties, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied in these statements due to various factors, including but not limited to: the inherent volatility and risks associated with investing in SUI, challenges in executing a treasury diversification strategy, the capabilities and limitations of the SUI blockchain, the competitive environment of the Company’s, Nof1’s and Recursive Superintelligence’s businesses among others, risks arising from related party transactions and related public perception, and the inherent uncertainties associated with the Company’s business strategy and that of Nof1 and Recursive Superintelligence, and the risk factors and other factors noted in the Company’s Registration Statement on Form S-1 (File No. 333-289438), Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. The risk factors and other factors noted therein could cause actual results to differ materially from those contained in any forward-looking statement. The Company disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515505589/en/

Media
Gasthalter & Co.
SUIG@gasthalter.com

Investor Relations
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
SUIG@elevate-ir.com

Source: SUI Group Holdings Limited