Sui Blockchain partners with Ant Digital Technologies to extend ESG-backed real-world asset tokenization toward sustainability and global accessibility.
New Sui Partnership: All in for ESG-Backed Assets
Sui Blockchain has announced its partnership with Ant Digital Technologies for the tokenization of environmental, social, and governance-backed RWAs. This is expected to extend access to ESG-backed assets to more global investors through the scalable and efficient blockchain infrastructure of Sui.
Ant Digital Technologies, together with ZAN and Sui, will work on the tokenization of green assets. This aligns with the broader goal of creating investment products focused on sustainability, scalability, and technological innovation. The collaboration comes when the on-chain RWA market has reached over $13 billion in value, a growth propelled by platforms such as Copper, Bybit, and MEXC.
Recent Developments and Ecosystem Growth
The partnership follows Sui’s integration with the multi-asset exchange and wallet platform Backpack, a move designed to boost developer activity and user adoption. Backpack’s integration enables developers to list projects on Sui’s ecosystem, fostering greater innovation and accessibility.
This latest milestone adds to a series of significant developments for Sui in 2024:
- Phantom Wallet Integration: Increasing wallet support for Sui users.
- Native USDC and FDUSD are supported on major exchanges like Coinbase and Binance.
- Cross-chain connectivity is supported as the Sui Bridge is in Testnet.
- Major growth is happening in the Sui ecosystem, adding to its scale with DeFi, CPI, and gaming projects.
Market Expansions and TVL Growth by Sui
The growing ecosystem of Sui has reflected in striking market metrics. According to DeFiLlama, the blockchain’s TVL currently stands at $2.3 billion. Top protocols leading this growth include:
- NAVI Protocol: A leading staking platform.
- Suilend: A top lending protocol.
- Scallop and Cetus AMM: Market-leading decentralized exchanges.
The rising TVL indicates the increasing influence that Sui is having on the blockchain space. All these improvements added to the increase in the SUI token price make Sui one of the leading blockchains for tokenized real-world assets.
