Why Did Sui Partner with Ant Digital to Tokenize ESG RWAs?
Sui Today announced a partnership with Ant Digital Technologies and its subsidiary Zan to tokenize environmental, social and government (ESG) RWA.
However, Sui’s public communications did not answer several important questions, such as who originally held these ESG assets and what their partners’ roles were in the business.
Sui and Ant Group Tokenize ESG RWA
Layer-1 blockchain protocol Sui first Announce Build ESG partnerships through social media. Essentially, the team will use Tokenization Significantly expand investor access to these ESG RWAs.
“Tokenization of ESG markets is an incredible advancement for real-world assets. Through this partnership, investors will be able to access a whole new market, all on the platform best suited for it, Sui ” said Jameel Khalfan, Director of Ecosystem Development at Sui Foundation.
Environmental concerns play a major role in the cryptocurrency industryespecially since they are used to prove Ongoing attacks on the mining industry. However, Sui’s decision Use tokenized RWA Promotion of ESG assets is uncommon.
Still, the company has formed some novel partnerships recently, Promote blockchain development and Bitcoin Staking.
Sui, for its part, has been doing exceptionally well of late. late November, Survived a two-hour power outage The token value dropped minimally. this SUI Token Hit All-Time High Yesterdayand it shows Keep the momentum going higher.
However, Sui’s public statements remain fairly vague about the project. The assets “will be held by an award-winning technology enabler and international solar materials manufacturer,” the release said.
However, it did not disclose other details, only saying that its holder is “the world’s leading new energy group” on the Fortune China 500 list. Ant Digital and its subsidiary Zan played a role in helping Sui tokenize ESG RWA, but its specific responsibilities are still very unclear. Hopefully, as the project progresses, more details will come to light.
Meanwhile, Sui recently announced another major initiative Partner with Franklin Templeton Investments. The partnership will support the network’s developer ecosystem and help the infrastructure achieve better scalability.
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