In a move to strengthen its position in the world of real-world asset (RWA) tokenization, Sui has announced a significant partnership with Ant Digital Technologies and the web3 plug-and-play provider ZAN. This alliance aims to facilitate the tokenization of environmental, social, and governance (ESG) backed assets, significantly enhancing the accessibility of these investments to a global audience.
The Sui team highlighted that this collaboration is set to unlock access to green assets, emphasizing a core focus on sustainability, scalability, and innovation. As the global on-chain RWA market has surged to over $13 billion, platforms like Copper, Bybit, and MEXC are playing crucial roles in this invaluable trajectory.
Sui’s recent partnership arrives shortly after the announcement of Backpack, a multi-asset class exchange and wallet platform, integrating its services with the Sui ecosystem. This integration opens doors for increased developer activity and user adoption, providing new projects with the necessary tools for listing and engaging with the Sui network.
Throughout the year, Sui has celebrated numerous milestones. These include the integration of the Phantom wallet, native USDC deposits and withdrawals on Coinbase, and the launch of the Sui Bridge testnet. The support for native FDUSD deposits and withdrawals on Binance further underscores Sui’s commitment to expanding its operational capabilities in the crypto landscape.
Moreover, decentralized finance (DeFi), decentralized physical infrastructure networks, and gaming projects have significantly contributed to Sui’s market expansion. According to DeFiLlama, the Total Value Locked (TVL) within protocols utilizing the Sui blockchain has surged to an impressive $2.3 billion. Top-performing protocols such as NAVI, Suilend, Scallop, and Cetus AMM are leading the way in terms of TVL at this moment.
As Sui establishes itself in the growing RWA market, this strategic partnership with Ant Digital Technologies positions it to potentially lead the tokenization of sustainable assets, harnessing the growing trend of ESG investments that appeal to globally conscious investors. The future looks bright for Sui as it navigates the evolving landscape of cryptocurrency and blockchain innovation.
