Sui partners with Ant Digital to tokenize ESG assets, expanding Web3 investment opportunities and accelerating blockchain innovation in renewable energy. Sui, a cutting-edge Layer 1 blockchain, has entered a strategic partnership with Ant Digital Technologies and its Web3 arm, ZAN. The aim is to advance the integration of real-world assets (RWA) into the Web3 ecosystem. This development was disclosed on X Sui’s official X account. Sui will now tokenize ESG real-world assets, allowing investors from around the world to invest in them for the first time. These assets, known as “notes,” will be linked to a foremost solar material manufacturer. This is a significant development for Sui as these assets will be on-chain, bringing new investment into blockchain. There is the Sui Foundation, which
Topics:
Bilal Hassan considers the following as important: Blockchain Technology, ESG Assets, News, sui
This could be interesting, too:
Pareesh Phulkar writes P’Nut the Squirrel: Could This Be the Second Coming?
Bilal Hassan writes REI Network Partners with Imagen AI to Transform AI and Web3
Bilal Hassan writes Sheila Warren to Step Down as CEO of CCI in January
Bilal Hassan writes Riot Platforms Boosts Bitcoin Holdings with 0 Million Purchase
Sui partners with Ant Digital to tokenize ESG assets, expanding Web3 investment opportunities and accelerating blockchain innovation in renewable energy.
Sui, a cutting-edge Layer 1 blockchain, has entered a strategic partnership with Ant Digital Technologies and its Web3 arm, ZAN. The aim is to advance the integration of real-world assets (RWA) into the Web3 ecosystem. This development was disclosed on X Sui’s official X account.
Sui will now tokenize ESG real-world assets, allowing investors from around the world to invest in them for the first time. These assets, known as “notes,” will be linked to a foremost solar material manufacturer. This is a significant development for Sui as these assets will be on-chain, bringing new investment into blockchain.
There is the Sui Foundation, which plays the role of the anchor investor in it. It’s designed to scale the Sui ecosystem and encourage industries to use tokenization in their operations. The asset owner is a newly established, leading new energy technology and sustainability company. In 2023, it was ranked in the the Fortune China 500 and received honors at the Wall Street CN ESG Awards. This cooperation is a sign of blending renewable energy and blockchain that reveals new opportunities for further investments.
Sui Ecosystem Expands as Ant Digital and ZAN Collaborate on ESG Assets
Cobe Zhang of Ant Digital Technologies pointed to the value of this partnership. Therefore, he considers Sui’s blockchain ecosystem integral for technology advancement and value generation particularly in energy industry. On this score, Zhang sees this partnership as a way of extending provision of higher services in more RWA projects.
The Sui Foundation’s Jameel Khalfan also had something to say about the deal. Mr Abdulaziz described the process of tokenizing ESG assets as revolutionary. “The investors will soon be able to enter a new and more vibrant market,” Khalfan added. Further, he said that Sui has provided a good ground for such innovation.
This partnership has emerged with Sui’s growth, especially in the period of its faster development. There is now approximately $1.9 billion in total value locked in the blockchain, making it the ninth most popular blockchain. NAVIs, Suilend, Aftermath, Cetus, and Deepbook have been some of the major decentralized protocols that have driven this growth.
This remains so because institutional support is progressively increasing. Companies like Grayscale and VanEck have included the SUI token in their investment products. As a result, millions of people can invest in the Sui ecosystem without necessarily having to deal with a crypto wallet.
Ultimately, the partnership between Sui, Ant Digital Technologies, and ZAN marks an important step in tokenizing ESG-backed assets. This reshapes how investors interact with sustainable industries. Moreover, it showcases the growing influence of Sui’s blockchain technology.