Sui expands RWA tokenization with Ant Digital Technologies partnership

Sui aims to strengthen its traction in the tokenization of real-world assets through a new partnership with Ant Digital Technologies and web3 plug-and-play tools provider ZAN.

Sui (SUI) announced that its team will leverage the new collaboration to tokenize environmental, social and governance-backed real-world assets. These assets will be on the Sui blockchain, a development that means global investors will have greater access to ESG-backed RWAs.

Ant Digital Technologies, ZAN and Sui aim to unlock access to green assets by enabling tokenized assets focused on sustainability, scalability and innovation. The global amount of RWA on chain has increased to over $13 billion, and platforms such as Copper, Bybit and MEXC are crucial to this trend.

Sui’s latest collaboration comes just days after multi-asset class exchange and wallet platform Backpack announced its integration with Sui. The integration has the potential for greater developer activity and user adoption for Sui, with new projects able to leverage the ecosystem’s listing technology.

Sui’s growth brought other milestones throughout the year.

This includes Phantom wallet federation integration, native USDC deposits and withdrawals on US-based crypto exchange Coinbase, and the launch of the Sui Bridge testnet. Sui also recently enabled native FDUSD deposits and withdrawals on Binance.

Decentralized finance, decentralized physical infrastructure networks and gaming projects are meanwhile driving Sui’s market expansion. The total value locked in protocols leveraging the blockchain platform has increased over the past few months due to the explosion in the price of SUI.

According to DeFiLlama data, Sui’s TVL currently stands at $2.3 billion. The best protocols include staking, lending, yield aggregators, prediction markets, RWA, and decentralized exchanges. NAVI protocol, Suilend, Scallop and Cetus AMM are TVL’s top protocols at the time of this writing.