KEY TAKEAWAYS
- Ant Digital Technologies and ZAN are set to tokenize real-world assets on the Sui blockchain, focusing on ESG-compliant assets.
- The Sui Foundation is actively supporting this initiative as an anchor investor, promoting the integration of real-world assets.
- Sui is experiencing significant growth, nearing $2 billion in total volume locked, with strong institutional support from Grayscale and VanEck.
- This development marks a milestone in the ESG market, opening new investment opportunities on the Sui platform.
Ant Digital Technologies, along with its Web3 technology brand ZAN, has announced plans to tokenize real-world assets (RWA) on the Sui blockchain. This initiative focuses on assets that adhere to environmental, social, and governance (ESG) standards, marking the first time such assets will be available on Sui.
These tokenized assets, referred to as “notes,” will be managed by a leading technology driver and international manufacturer of solar materials. The Sui Foundation has participated as an anchor investor, actively promoting the integration of RWA to support the development of real industries.
Partnership and Technological Advancements
The asset owner involved in this initiative is a prominent new energy group, recognized for its commitment to technological advancement and sustainable development. In 2023, the group was listed among Fortune China’s Top 500 and received accolades in Wall Street CN’s ESG Awards.
Cobe Zhang, Head of Web3 Product at Ant Digital Technologies, stated, “We established our partnership in August and have now achieved another significant milestone. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications.” Zhang expressed optimism about providing advanced technical services to more RWA projects, particularly in the new energy sector.
Growth and Institutional Support for Sui
Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, highlighted the significance of tokenizing the ESG market, stating that it opens a new market for investors on a platform well-suited for such innovations.
This development coincides with a period of significant growth for Sui, which is nearing $2 billion in total volume locked. Recently, Sui has secured its position among the top ten blockchains, driven by innovative lending protocols and decentralized exchanges (DEXes) such as NAVI, Suilend, Aftermath, and Cetus, along with DeepBook, a DeFi solution for a central limit order book.
In addition to retail growth, Sui has received substantial institutional support. Industry giants like Grayscale and VanEck have incorporated the SUI token into investment products accessible to millions of clients, eliminating the need for them to own or manage crypto wallets.
For more details, the announcement can be found here.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
