Sui expands its blockchain ecosystem with ESG backed RWA tokenization
This partnership establishes Sui as a new blockchain platform expanding into RWA tokenization with a $13 billion market cap.
Key Takeaways
- Sui partnered with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform.
- Sui's integration of real world asset tokenization is expected to expand investor access and drive platform growth.
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Sui formed a strategic partnership with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform, making them accessible to global investors.
This collaboration will integrate the assets held by a global technology and solar materials manufacturer into the Web3 ecosystem.
“Tokenizing the ESG market is an incredible step forward for real world assets,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Through this partnership, investors will have access to a whole new market, and it’s all happening on the platform most suited for it, Sui.”
The blockchain platform has seen substantial growth, with its market value reaching approximately $14 billion, up from less than $1 billion a year ago.
Its Total Value Locked in decentralized finance protocols has reached an all-time high of $1.8 billion, driven by protocols including NAVI, Suilend, Cetus, Aftermath, and DeepBook.
Recent integrations with Phantom’s crypto wallet and Backpack Exchange and Wallet have expanded Sui’s user accessibility.
The blockchain has gained institutional support from asset managers including Grayscale and VanEck.
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