Fungible tokens on Sui are created with the Coin standard (sui::coin, via coin::create_currency) or the newer Currency standard (sui::coin_registry). Creating a coin gives the publisher a TreasuryCap object, which controls minting and burning; a regulated coin also returns a DenyCapV2 capability that lets its holder maintain a list of addresses that cannot use the token, and can support a global pause. Sui’s native liquidity layer, DeepBook, is an on-chain central limit order book. Before a CEX listing, disclose who holds the TreasuryCap and any DenyCap, and confirm each exchange supports your token’s standard.
Key takeaways
- Disclose who holds the TreasuryCap (mint and burn control) and your mint policy.
- A regulated coin carries a DenyCapV2 (address deny list, optional global pause); exchanges and traders treat that like a freeze authority.
- Sui’s own docs warn never to freeze or share the TreasuryCap.
- DeepBook is an on-chain order book, so quoting there looks like CEX market making.
Token standards and controls
| Item | What Sui’s docs say | What to disclose |
|---|---|---|
| Coin standard | Created with coin::create_currency; metadata in a CoinMetadata object | Standard used, decimals, metadata frozen or not |
| Currency standard | Newer standard using sui::coin_registry | Standard used; confirm exchange support |
| TreasuryCap | Received by the publisher; controls minting and burning; never freeze or share it | Who holds it (multisig?) and your mint policy |
| Regulated coin | coin::create_regulated_currency_v2 returns a DenyCapV2 for an address deny list; supports a global pause | Whether you use it, who holds the DenyCap, and why |
| Metadata | Usually frozen at creation; regulated coins freeze it automatically | Whether name, symbol, or icon can still change |
Liquidity venues
- DeepBook: Sui’s native liquidity layer, a central limit order book for spot trading, margin, and prediction markets. Quoting it is order-book market making.
- AMM pools: common for early on-chain liquidity; pick based on pool design, fees, and aggregator discovery.
Moving to centralized exchanges
Binance’s listing notice (last updated May 2025) named Sui among the six chains supported for Direct Featuring of circulating tokens on Binance Alpha. Confirm each target exchange supports your token standard and any regulated-coin features, publish your coin type address everywhere so traders avoid look-alikes, and arrange a market maker that can quote CEX pairs and, if needed, DeepBook or your on-chain pools. See CEX vs DEX liquidity.
Frequently asked questions
How do we find a market maker for a Sui token?
Ask candidates whether they already support Sui coins on your target exchanges, whether they can quote DeepBook’s on-chain order book as well as AMM pools, and how they treat regulated-coin features if you use them. We can introduce you to a vetted market-making partner for free.
What is a TreasuryCap on Sui?
It is the capability object the publisher receives when a coin is created with coin::create_currency. Whoever holds it can mint and burn the coin. Sui’s documentation warns never to freeze or share it. Traders and exchanges will want to know who holds it and under what policy.
Should we create a regulated coin?
Only if you need the controls. A regulated coin returns a DenyCapV2 that lets the holder block addresses from using the token, and supports a global pause. Those powers are similar to a freeze authority on other chains: disclose them, explain why you need them, and confirm exchange support. Get legal advice for your situation.
Do we need a market maker on DeepBook?
If you want an on-chain order book for your token, someone has to quote it, just as on a centralized exchange. Many projects start with AMM pools and add order-book quoting later. Scope it with your market maker alongside your CEX venues.
Sources
- Sui documentation: Coin Standard
- Binance: Important Notice on Binance Listing Information & Requirements (updated 2025-05-14)
- Sui documentation: DeepBook
Last reviewed 12 November 2026. Exchange and platform policies change; always confirm on the official page before acting.