Sui is looking to bolster its traction in real-world assets tokenization, with a new partnership with Ant Digital Technologies and web3 plug-and-play tools provider ZAN.
The Sui (SUI) team will leverage the new collaboration to tokenize environmental, social, and governance-backed real-world assets, it announced. These assets will be on the Sui blockchain, a development that means further accessibility to ESG-backed RWAs to global investors.
Ant Digital Technologies, ZAN and Sui aim to unlock access to green assets, enabling tokenized assets focused on sustainability, scalability, and innovation. The global RWA on-chain has increased to more than $13 billion, and platforms such as Copper, Bybit and MEXC are crucial to this trajectory.
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Sui’s latest collaboration comes days after multi-asset class exchange and wallet platform Backpack announced integration with Sui. The integration has the potential to drive further developer activity and user adoption for Sui, with newer projects able to tap into the ecosystem’s technology for listing.
Growth for Sui has also come with several other milestones through the year.
It includes Phantom wallet joins integration, native USDC deposits and withdrawals on U.S.-based crypto exchange Coinbase and the unveiling of Sui Bridge testnet. Sui also recently enabled native FDUSD deposits and withdrawals on Binance.
Decentralized finance, decentralized physical infrastructure networks and gaming projects are meanwhile driving Sui’s market expansion. Total value locked in protocols leveraging the blockchain platform has increased as SUI price exploded in the past few months.
Per DeFiLlama data, the TVL of Sui currently stands at $2.3 billion. Top protocols include staking, lending, yield aggregators, prediction markets, RWA and decentralized exchanges. NAVI protocol, Suilend, Scallop and Cetus AMM are the top protocols by TVL as at the time of writing.
Read more: Three reasons SUI could target $7.66 by 2025
