Sui Collaborates with Ant Digital and ZAN to Enhance RWA Tokenization
Interest in real-world asset (RWA) tokenization has surged, influenced by crypto-related investment products like Bitcoin ETFs. These products aim to diversify portfolios by providing exposure to alternative assets while minimizing direct involvement in the volatile digital asset market. RWAs serve as a practical bridge between traditional finance and blockchain technology, appealing to investors seeking sustainability and innovation.
Sui, a scalable blockchain with a developer-friendly environment, is enhancing its focus on RWA tokenization through a partnership with Ant Digital Technologies and web3 solutions provider ZAN.
A Strategic Move Towards ESG Tokenization
This collaboration aims to make environmental, social, and governance (ESG)-backed assets more accessible globally by leveraging blockchain technology.
We’re excited to partner with Ant Digital Technologies + @ZAN_team to bring ESG-backed RWA assets onchain!🌐
Together, we’re unlocking access to ESG-backed green assets, pioneering tokenization with a focus on sustainability, scalability, and innovation.https://t.co/z9dn1og1Jb
— Sui (@SuiNetwork) December 13, 2024
Tokenized assets will operate on the Sui blockchain, expanding access for global investors interested in sustainable investments. Ant Digital and ZAN will collaborate closely with Sui to ensure successful on-chain tokenization of these assets.
Tokenized ESG assets meet growing investor demand for sustainable financial products. Sui aims to offer investors new opportunities to align their portfolios with their values, benefiting from blockchain's transparency and efficiency. This partnership aligns with Sui's broader strategy to enhance its ecosystem, following milestones such as integrating the multi-asset exchange and wallet platform Backpack, which is expected to boost developer activity and user adoption.
Sui Expands Network Access Through Major Exchanges
Sui has introduced native #USDC and FUSD deposit and withdrawal features on Coinbase and Binance, respectively, facilitating user engagement with the blockchain. The protocol is also integrated with the Solana-based Phantom wallet, enhancing platform usability.
Additionally, Sui launched the Sui Bridge on testnet to strengthen cross-chain operability. These developments highlight Sui’s commitment to creating a scalable, user-friendly ecosystem for developers and investors. The total value locked (TVL) in Sui now stands at $2.3 billion, according to DefiLlama, with leading protocols including NAVI Protocol, Suilend, Scallop, and Cetus AMM, showcasing strength in decentralized finance (DeFi) and gaming sectors.
The global RWA tokenization market continues to grow, surpassing $13 billion according to industry data. This expansion is driven by innovative platforms like Sui and established players such as Copper and Bybit.