Sui has partnered with web3 plug-and-play solutions vendor ZAN and Ant Digital Technologies to boost its tokenization popularity.
According to the announcement, the Sui team will use the new partnership to tokenize real-world assets supported by governance, social, and environmental factors.
These assets will be on the Sui blockchain, increasing international investors’ access to RWAs underpinned by ESG.
Ant Digital Technologies, ZAN, and Sui aim to make green assets accessible through tokenized assets that prioritize innovation, scalability, and sustainability.
The global RWA on-chain has grown to over $13 billion, and this growth is largely due to platforms like MEXC, Bybit, and Copper.
The multi-asset class wallet and exchange platform Backpack announced integration with Sui a few days prior to Sui’s most recent partnership.
Since younger projects can leverage the ecosystem’s technology for listing, the integration could encourage more developer engagement and user acceptance for Sui. Along with Sui’s growth, the year has seen several other significant events.
It includes the introduction of the Sui Bridge testnet, native USDC deposits and withdrawals on the US cryptocurrency exchange Coinbase, and the integration of Phantom wallet. Additionally, Sui recently allowed native FDUSD withdrawals and deposits on Binance.
Meanwhile, Sui’s market expansion is propelled by decentralized gaming ventures, finance, and physical infrastructure networks.
The price of SUI has skyrocketed in recent months, increasing the total value locked in protocols that use the blockchain platform.
According to DeFiLlama data, Sui’s TVL is currently $2.3 billion. Staking, lending, yield aggregators, prediction markets, RWA, and decentralized exchanges are some of the best protocols. As of this writing, TVL’s leading protocols include NAVI, Suilend, Scallop, and Cetus AMM.
