Sui, a cutting-edge Layer 1 blockchain and smart contract platform, has recently announced a groundbreaking partnership with Ant Digital Technologies and its Web3 technology brand, ZAN. This collaboration aims to accelerate the global integration of real-world assets (RWA) into the Web3 ecosystem, marking a significant milestone in the financialization and accessibility of ESG-backed real-world assets.
Bringing ESG-Backed Real-World Assets On-Chain
The core of this partnership lies in the tokenization of ESG-backed real-world assets, making them available on the Sui blockchain for the first time. These assets, referred to as “notes,” will be held by a leading international manufacturer of solar materials, renowned for its technological innovation and commitment to environmentally sustainable development. The Sui Foundation, dedicated to promoting and growing the Sui ecosystem, played a crucial role as an anchor investor, actively supporting the development of real industries through this initiative.
A Major Player in the Blockchain Space
Sui’s impressive growth trajectory has positioned it among the top ten blockchains, nearing a total volume locked of $2 billion. The platform has achieved this through innovative lending protocols and decentralized exchanges (DEXes) such as NAVI, Suilend, Aftermath, and Cetus, along with DeepBook, a DeFi-centric central limit order book. Sui has also garnered substantial institutional support, with industry giants like Grayscale and VanEck incorporating the SUI token into investment products accessible to millions of clients, eliminating the need for managing crypto wallets.
Sui’s Technological Edge
Designed to redefine digital asset ownership, Sui’s Layer 1 blockchain and smart contract platform offer unparalleled speed, privacy, and security. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and the creation of rich on-chain assets. With horizontally scalable processing and storage, Sui supports a broad spectrum of applications at low costs, making it a step-function advancement in the blockchain space.
About Ant Digital Technologies and ZAN
Ant Digital Technologies, the technology commercialization arm of the Ant Group, began its independent operation in April 2024. Originating from AntChain, it boasts leading technologies and patents in the blockchain field globally. The division has developed several commercialized product brands such as ZOLOZ, mPaaS, and ZAN, dedicated to helping enterprises navigate the digital age.
ZAN, Ant Digital Technologies’ Web3 product and service brand, leverages the TrustBase open-source technical stack from AntChain Open Labs. It provides a robust platform for business innovations and Web3 endeavors, offering products like ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, and ZAN Node Service, with more on the way.
A New Era for Real-World Assets
This partnership between Sui and Ant Digital Technologies marks a significant advancement in the integration of real-world assets into the blockchain ecosystem. By bringing ESG-backed assets on-chain, Sui is not only enhancing the accessibility and financialization of these assets but also supporting technological advancement and environmentally sustainable development. This collaboration heralds a new era where real-world assets seamlessly blend with digital innovations, promising a future of expanded investment opportunities and sustainable growth.
For more information about Sui and its groundbreaking initiatives, users can visit their official website. Similarly, details about Ant Digital Technologies and their Web3 endeavors under the ZAN brand can be found on their respective platforms.
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