Sui teams up with 21Shares for blockchain dominance
Institutional support secured by Sui as 21Shares allies in an ambitious $16 trillion competition focused on real-world assets.
In a move that's sent ripples through the crypto world, Sui Network, a high-performing Layer-1 blockchain, has teamed up with 21Shares, a globally recognized crypto ETP (Exchange Traded Product) provider, to create a powerhouse partnership.
This strategic alliance, unveiled at Sui's Basecamp conference, aims to drive the development of financial products and research that will boost institutional and retail access to Sui's ecosystem. Duncan Moir, President of 21Shares, praised Sui as "one of the most exciting blockchains in the industry."
With traditional financial firms increasingly embracing tokenized assets, Sui is poised to benefit from 21Shares' entry into the US market, leveraging the company's years of experience providing digital asset exposure across Europe.
The attractions for institutional players
Sui's technical superiority is a major draw for institutional investors. Key features like parallel execution, sub-second finality, developer-friendly design, zkLogin, and gasless transactions make Sui ideal for real-world asset (RWA) tokenization. The RWA market is projected to reach a staggering $16 trillion by 2030, according to Boston Consulting Group.
Sui's technology is already powering significant initiatives, such as Ondo Finance's tokenized U.S. Treasuries, ATHEX Exchange's on-chain fundraising experiments, and consumer applications like the SuiPlay0X1 gaming console.
A shift in the institutional crypto landscape
Sui's partnership with 21Shares indicates a growing institutional belief in scalable, modular crypto infrastructure for serious financial use. As stablecoin issuers, DeFi protocols, and asset tokenization platforms seek execution speed and finality guarantees, Sui's architecture offers an appealing alternative to congested, costly legacy blockchains.
With 21Shares managing over $2.5 billion in assets and known for launching the world's first crypto ETP, Sui is positioning itself as a next-gen foundation for regulated, high-volume blockchain finance.
The future of the partnership
While the specifics are yet to be disclosed, the roadmap includes collaborative research, product launches, and strategic market entries. As 21Shares looks to deepen its U.S. presence, Sui stands to gain increased visibility and credibility in the most competitive crypto landscape.
This alliance could pave the way for more traditional financial firms to align with scalable blockchains that prioritize real-world usability over vanity metrics.
Insights from the partnership
The strategic partnership between Sui and 21Shares involves several major initiatives:
Joint Product Development
- Real-World Asset Tokenization: Sui offers high transaction speed, scalability, and throughput, making it ideal for tokenizing real-world assets. The partnership will focus on developing products that leverage these capabilities to bring more RWAs onto the blockchain.
- DeFi Infrastructure: Both companies will collaborate on building decentralized finance (DeFi) applications that utilize Sui's fast and scalable blockchain architecture.
Research and Educational Materials
- In-Depth Research Reports: The partnership includes publishing research reports to enhance understanding and confidence among institutional investors regarding the potential of the Sui ecosystem for RWAs and DeFi applications.
- Educational Content: Developing educational content to promote awareness and understanding of how blockchain technology, specifically Sui's platform, can be applied in real-world asset tokenization and DeFi.
Institutional Engagement
- Increased Exposure in Regulated Markets: The partnership aims to increase Sui's presence in regulated markets, leveraging 21Shares' expertise in digital asset investment products to facilitate institutional-grade blockchain integration.
Overall, the collaboration aims to expand the Sui ecosystem's global presence, particularly in the US, by enhancing its capabilities in real-world asset tokenization and DeFi infrastructure.
- Sui's alliance with 21Shares targets the development of financial products, aiming to increase institutional and retail access to Sui's ecosystem, positioning Sui as an attractive choice for tokenized assets.
- With Sui's key features like parallel execution, sub-second finality, and gasless transactions, it appeals to institutional investors seeking scalable blockchain infrastructure for real-world asset tokenization.
- The partnership between Sui and 21Shares involves joint product development, focusing on real-world asset tokenization and DeFi applications, leveraging Sui's blockchain's speed and scalability.
- Collaborative research and educational materials, such as in-depth research reports and educational content, will be developed to increase understanding and confidence among institutional investors in Sui's potential for real-world assets and DeFi applications.
- As part of the partnership, Sui aims to increase its presence in regulated markets, utilizing 21Shares' expertise in digital asset investment products to facilitate institutional-grade blockchain integration, potentially attracting more traditional financial firms to align with scalable blockchains.
