Sui’s latest collaboration with Ant Digital Technologies and ZAN focuses on bringing environmental, social, and governance-backed assets to the blockchain.
By Chimamanda U. Martha
Edited by Marco T. Lanz
Updated
3 mins read
Interest in real-world asset (RWA) tokenization has surged in recent years, driven by the rise of crypto-related investment products like Bitcoin ETFs.
These products aim to diversify investor portfolios by offering exposure to alternative assets while minimizing direct involvement in the volatile digital asset market.
For many investors, RWAs present a practical bridge between traditional finance and blockchain technology, catering to those who seek sustainability and innovation in their investments.
Recognizing this growing interest, Sui, a blockchain known for its scalability and developer-friendly environment, is deepening its focus on RWA tokenization through a new partnership with Ant Digital Technologies and web3 solutions provider ZAN.
According to an announcement on Friday, this collaboration seeks to make environmental, social, and governance (ESG)-backed assets more accessible to global investors 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
These tokenized assets will live on the Sui blockchain, opening up access to global investors interested in green and sustainable investment options.
Under the terms of the partnership, Ant Digital and ZAN will work closely with Sui to ensure the successful tokenization of the assets on-chain.
Tokenized ESG assets address a growing demand among investors for sustainable and impactful financial products. Sui believes that integrating the asset into its blockchain will provide investors with new avenues to align their portfolios with their values while benefiting from blockchain’s transparency and efficiency.
The protocol said the partnership with Ant Digital and ZAN is part of a broader strategy to enhance the Sui ecosystem. Sui has recently accomplished other milestones such as the integration of the multi-asset exchange and wallet platform Backpack, which is expected to increase developer activity and user adoption.
Additionally, the blockchain has introduced native USDC $1.00 24h volatility: 0.0% Market cap: $45.68 B Vol. 24h: $7.00 B and FUSD deposit and withdrawal features on Coinbase and Binance, respectively, making it easier for users to engage with the blockchain. The protocol is already integrated with the Solana-based Phantom wallet, adding to the platform’s usability.
Aside from these recent integrations, Sui announced the launch of the Sui Bridge on testnet to further solidify its cross-chain operability. Together, these developments underscore the platform’s commitment to creating a scalable, user-friendly ecosystem for developers and investors alike.
These advancements contribute to Sui’s total value locked (TVL), which now stands at $2.3 billion, according to DefiLlama. Leading protocols on the Sui blockchain include NAVI Protocol, Suilend, Scallop, and Cetus AMM, reflecting its strength in decentralized finance (DeFi) and gaming sectors.
Meanwhile, the global RWA tokenization market continues to show robust growth, exceeding $13 billion according to industry data. This expansion is driven by innovative platforms like Sui, alongside established players such as Copper and Bybit.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
