Sui Blockchain Focuses on RWA Tokenization, Cooperates with Ant Digital and Zan

The tokenization sector of real-world assets (RWA) has been on the rise in recent months. This trend is driven by the presence of crypto-based investment

Real-world asset (RWA) tokenization has seen a surge in recent months. This trend is largely driven by the presence of crypto-based investment products, such as Bitcoin exchange-traded funds (ETF), which offer portfolio diversification for investors. With this product, investors can gain exposure to alternative assets without having to directly enter the often volatile crypto market.

Now, Sui (SUI), a blockchain network known for its scalability and developer friendliness, is shifting its focus to RWA tokenization. Sui is officially collaborating with Ant Digital Technologies and Web3 solution provider, Zan. The partnership, which was announced on Friday, December 13, is aimed at providing global investors with easier access to environmental, social, and governance (ESG)-based assets by leveraging blockchain technology.

According to the official announcement on Friday, the collaboration will see the integration of tokenized ESG assets into the Sui blockchain network. Ant Digital and ZAN will work closely with Sui to ensure the smooth tokenization process. Backed by the transparency and efficiency of blockchain, these assets are set to become an option for investors seeking to instill sustainability value in their portfolio.

The partnership is part of Sui's grand strategy to expand its ecosystem. Other milestones achieved by Sui include integration with multi-asset exchanges, digital wallet platforms, such as Backpacks, which are expected to enhance developer activity and drive user adoption.

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Further expanding its reach, Sui now introduces USDC and FUSD token deposit and withdrawal capabilities on Coinbase and Binance, respectively. This feature allows users to easily transact on the Sui network. Additionally, Sui has also connected to Solana-based Phantom wallets.

As part of its development, Sui has also launched the Sui Bridge on the testnet to enhance cross-chain interoperability. This move underlines Sui's dedication to building a scalable and user-friendly ecosystem for both developers and investors.

Growth of the Global Tokenization Market

Data from Defilama shows that the total value locked (TVL) on the Sui blockchain has reached US$2.3 billion (Rp36.8 trillion). Several key protocols in the Sui ecosystem include NAVI Protocol, Suilend, Scallop, and Cetus AMM, showcasing the strength of this blockchain in the decentralized finance (DeFi) and gaming sectors.

On a global scale, the RWA tokenization market continues to expand rapidly, with a value already surpassing US$13 billion (Rp208 trillion). This growth was driven by innovations from platforms like Sui, Copper, and Bybit. By extending its reach, Sui further cements its position as a major player in the RWA market.

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