Ant Digital Technologies Launches ESG-Focused RWA Project on Sui

Ant Digital Technologies and its Web3 technology brand ZAN plan to tokenize real world assets (RWA) on Sui, leveraging its innovative blockchain technology. The company focuses on assets reflecting environmental, social, and governance (ESG) standards. 

Through this effort, this asset class will be tokenized and become available on Sui for the first time, bringing ESG-backed real world assets onchain. Referred to as “notes,” these real world assets will be held by an award-winning technology driver and international manufacturer of solar materials. The Sui Foundation also participated as an anchor investor, actively promoting RWA to better support the development of real industries.

The asset owner is a world-leading new energy group committed to technological advancement and environmentally sustainable development. In 2023, they were listed among Fortune China's Top 500, included on Wall Street CN's ESG Awards.

"We established our partnership in August and have now achieved another significant milestone. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications," said Cobe Zhang, Head of Web3 Product at Ant Digital Technologies. "Looking ahead, we hope to continuously provide various advanced technical services to more RWA projects, especially in the new energy sector, and our technology can better support the development of the real economy."

“Tokenizing the ESG market is an incredible step forward for real world assets,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “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.” 

This development occurs during a tremendous growth period for Sui, which is nearing $2 billion in total volume locked. In the past month, Sui secured its place among the top ten blockchains, thanks to innovative lending protocols and DEXes such as NAVI, Suilend, Aftermath, and Cetus, as well as DeepBook, DeFi's answer to a central limit order book. In addition to retail growth, Sui received substantial support from institutions, with industry giants such as Grayscale and VanEck incorporating the SUI token into investment products that are accessible to millions of their clients, all without needing to own or manage crypto wallets. 

Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.