Sui Expands RWA Tokenization through Partnerships

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Sui has partnered with web3 plug-and-play solution providers ZAN and Ant Digital Technologies to enhance the popularity of its tokenization.

According to the announcement, the Sui team will leverage the new partnership to tokenize real-world assets supported by governance, social, and environmental factors.

These assets will be stored on the Sui blockchain, increasing opportunities for international investors to access ESG-based risk-weighted assets.

Ant Digital Technologies, ZAN, and Sui aim to achieve the accessibility of green assets by prioritizing innovation, scalability, and sustainability in tokenized assets.

Global on-chain RWA has grown to over $13 billion, largely thanks to platforms like MEXC, Bybit, and Copper. The multi-asset wallet and trading platform Backpack announced integration with Sui a few days before its recent collaboration.

As newer projects can utilize the ecosystem's technology for listings, the integration can encourage more developers to participate and foster user acceptance of Sui. Several significant events have also occurred this year as Sui continues to grow.

These include the introduction of the Sui Bridge testnet, native USDC deposits and withdrawals on the U.S. cryptocurrency exchange Coinbase, and integration with Phantom wallet. Additionally, Sui recently allowed native FDUSD deposits and withdrawals on Binance.

Meanwhile, Sui's market expansion is driven by decentralized gaming enterprises, financial networks, and physical infrastructure. In recent months, the price of SUI has surged, increasing the total value locked in protocols utilizing the blockchain platform.

According to data from DeFiLlama, Sui's TVL currently stands at $2.3 billion. Staking, lending, yield aggregators, prediction markets, RWA, and decentralized exchanges are among the top protocols. As of the time of writing, the leading protocols by TVL include NAVI, Suilend, Scallop, and Cetus AMM.

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