Sui (SUI) Looks to Bolster Its Traction in Real-World Assets Tokenization

The Sui (SUI) team will leverage the new collaboration to tokenize environmental, social, and governance-backed real-world assets, it announced.

Crypto exchange Sui (SUI) is looking to bolster its traction in real-world assets tokenization with a new partnership.

The collaboration will see Sui team up with Ant Digital Technologies and web3 plug-and-play tools provider ZAN.

Together, they aim to tokenize environmental, social, and governance (ESG)-backed real-world assets on the Sui blockchain.

According to Sui, the move will provide global investors with greater accessibility to ESG-backed RWAs.

Ant Digital Technologies, ZAN and Sui to Uncover Access to Green Assets

The partnership comes as the total global RWA on-chain has reportedly surged to over $13 billion.

Several platforms, including Copper, Bybit and MEXC, are said to be playing a key role in this trajectory.

Sui's latest collaboration follows the recent announcement by multi-asset class exchange and wallet platform Backpack, which revealed its integration with Sui.

The integration is expected to further drive developer activity and user adoption for Sui, with new projects able to tap into the ecosystem's technology for listing.

Throughout the year, Sui has achieved several milestones that have contributed to its growth.

Phantom wallet joins integration, native USDC deposits and withdrawals on U.S.-based crypto exchange Coinbase and the unveiling of Sui Bridge testnet are among the notable developments.

Binance also recently enabled native FDUSD deposits and withdrawals on Sui.

DeFi, Physical Infrastructure Networks and Gaming Projects Drive Sui's Market Expansion

Several decentralized finance (DeFi), decentralized physical infrastructure networks and gaming projects are also driving Sui's market expansion.

Total value locked (TVL) in protocols leveraging the blockchain platform has increased as SUI price exploded in the past few months.

According to data from DeFiLlama, the TVL of Sui currently stands at $2.3 billion.

Top protocols include staking, lending, yield aggregators, prediction markets, RWA and decentralized exchanges (DEX).

NAVI protocol, Suilend, Scallop and Cetus AMM are the top protocols by TVL at the time of writing.