Sui partners with Ant Digital to tokenise ESG assets

Layer-1 blockchain protocol Sui (CRYPTO:SUI) has announced a partnership with Ant Digital Technologies and its subsidiary, Zan, to tokenise real-world assets (RWAs) focused on environmental, social, and governance (ESG) criteria.

This initiative aims to expand access for investors to ESG-oriented markets through tokenisation.

Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, emphasised the transformative potential of this approach.

“Tokenizing the ESG market is an incredible step forward for real-world assets. Through this partnership, investors will have access to a whole new market, and it’s all happening on the platform most suited for it, Sui,” Khalfan stated.

While the project is generating interest, some critical details remain unclear.

Sui’s announcement mentions that these ESG assets will be held by a prominent energy group recognised on Fortune China's Top 500 list.

However, specifics about the initial holders of the assets and the precise roles of Ant Digital and Zan in the tokenisation process have yet to be disclosed.

The collaboration highlights Sui’s innovative approach, which has been bolstered by recent partnerships, including a notable collaboration with investment firm Franklin Templeton to enhance the network’s scalability and developer ecosystem.

Despite its innovative trajectory, Sui has faced challenges.

In November, the platform experienced a two-hour outage, though the impact on its token’s value was minimal.

The SUI token has since reached new all-time highs, showcasing resilience and momentum.

As Sui progresses with its ESG initiative, industry observers anticipate further details about the roles and contributions of its partners, which will be crucial for the project’s transparency and success.

At the time of reporting, the Sui price was $4.78.