Sui strikes a deal with Ant Digital Technologies for revolutionary RWA project
- Sui has partnered with Ant Digital Technologies to tokenize real-world assets, aiming to integrate them into the Web3 ecosystem.
- The partnership focuses on ESG-backed assets, making them available on Sui for the first time.
- This collaboration represents a significant milestone in Sui's growth and aims to create new market opportunities.
In December 2024, Sui, a Layer 1 blockchain platform, announced a partnership with Ant Digital Technologies and its Web3 brand, ZAN, to enhance the integration of real-world assets (RWA) into the Web3 ecosystem. This collaboration marks a pivotal moment as it seeks to tokenize and bring ESG-backed assets on-chain for the first time on Sui. The partnership was established in August 2024, demonstrating a significant milestone in their joint efforts. The assets will be held by a leading new energy group, recognized for its commitment to sustainable development, which was included in Fortune China's Top 500 and honored at Wall Street CN's ESG Awards in 2023. Cobe Zhang, Head of Web3 Product at Ant Digital Technologies, emphasized the importance of Sui as a public chain dedicated to technological value creation, expecting to offer advanced technical services for more RWA projects in the new energy sector. Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, highlighted that this partnership would provide investors access to new market opportunities while reinforcing Sui’s position among the top ten blockchains, nearing $2 billion in total volume locked. The collaboration is expected to strengthen not only retail growth but also attract institutional investment, with major players like Grayscale and VanEck incorporating SUI tokens into their investment products, expanding its accessibility to a broader audience without the need for ownership of crypto wallets. Overall, this partnership signifies an essential step forward for Sui and the broader blockchain ecosystem, aiming to merge the realms of technology and real-world asset management for a more sustainable future.