COINOTAG News, December 8, confirms via official sources that Magma Finance has closed a $6 million financing round. The round was led by a consortium of strategic backers including HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures. Proceeds are earmarked to accelerate the development of an adaptive liquidity engine on the Sui network, with emphasis on capital efficiency, latency reduction, and robust risk controls across on-chain markets.

This funding signals growing institutional appetite for crypto-market infrastructure and positions Magma Finance to scale liquidity provisioning, improve pricing dynamics, and bolster resilience within the Sui ecosystem. By delivering a programmable liquidity layer, the project aims to attract developers and traders seeking dependable, scalable execution and tighter spreads in a competitive marketplace.