Sui Partners with Ant Digital, ZAN to Expand Real-World Asset Tokenization

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As an analyst with over two decades of experience in both traditional finance and emerging technologies, I find this latest move by Sui incredibly promising. The focus on Environmental, Social, and Governance (ESG) tokenization is not just a smart business decision, but a necessary step towards a more sustainable future.

The enthusiasm for tokenizing real-world assets (RWA) has significantly increased over the past few years, fueled primarily by the emergence of cryptocurrency-based investment options such as Bitcoin Exchange Traded Funds (ETFs).

These items strive to broaden investors’ portfolios by providing access to various non-traditional investments, all while reducing the need for direct participation in the unpredictable digital asset industry.

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.

In response to the increasing curiosity, Sui – a blockchain appreciated for its scalability and developer-oriented ambiance – is intensifying its efforts towards RWA tokenization by forming a strategic alliance with Ant Digital Technologies and a web3 solutions provider named ZAN.

A Strategic Move Towards ESG Tokenization

As stated in a recent announcement, the partnership aims to simplify access for international investors to investments that prioritize Environmental, Social, and Governance (ESG) factors, using advanced blockchain technology as a key tool.

As a crypto investor, I’m thrilled about our collaboration with Ant Digital Technologies and the ZAN team. Together, we’re working towards making Environmentally Sustainable (ESG) backed Real World Assets (RWA) accessible on the blockchain! 🌍

Working together, we’re making it simpler for everyone to invest in environmentally friendly financial assets that are backed by Environmental, Social, and Governance (ESG) principles. Our main goal is to lead the way in the tokenization process, prioritizing sustainability, efficiency, and groundbreaking ideas.

— Sui (@SuiNetwork) December 13, 2024

As a forward-thinking crypto investor, I’m excited about these tokenized assets residing on the Sui blockchain. This opens up an opportunity for me and fellow global investors who are passionate about green and sustainable investments.

Through the agreement, Ant Digital and ZAN will collaborate intimately with Sui to securely transfer real-world assets into digital format on their blockchain network.

tokenized Environmental, Social, and Governance (ESG) assets cater to an increasing investor interest in financially sound yet ethically responsible products. Sui envisions that incorporating this asset onto its blockchain platform offers investors novel paths to match their investments with their principles, all while enjoying the benefits of blockchain’s transparency and operational efficiency.

According to the guidelines, teaming up with Ant Digital and ZAN forms a larger plan aimed at improving the functionality of the Sui network. Notably, Sui has recently achieved significant milestones like incorporating the multi-asset exchange and wallet platform Backpack, which is predicted to boost developer involvement and user interest.

Sui Expands Network Access Through Major Exchanges

Moreover, the blockchain now offers native USDC ($1.00) with a 24-hour volatility of 0.0%. Its market cap stands at $41.64 B, and its 24-hour volume is $4.82 B. Notably, Coinbase has introduced FUSD deposit functionality, while Binance supports FUSD withdrawal. These features facilitate user interaction with the blockchain. Furthermore, the protocol is already compatible with the Solana-based Phantom wallet, enhancing the platform’s overall usability.

In addition to its latest integrations, Sui unveiled the release of the Sui Bridge on the test network, reinforcing its ability to operate across different chains. These advancements emphasize the platform’s dedication to building a scalable and user-friendly environment suitable for both developers and investors.

As a researcher delving into the world of blockchain technology, I’m consistently impressed by the ongoing advancements within the Sui ecosystem. These developments significantly boost the platform’s Total Value Locked (TVL), currently standing at an impressive $2.3 billion, as per DefiLlama’s latest data.

Simultaneously, the worldwide market for RWA tokenization is thriving, surpassing a staggering $13 billion based on industry reports. The growth is fueled by groundbreaking platforms such as Sui, along with experienced players like Copper and Bybit.

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2024-12-14 00:51