Sui announced today that it is partnering with Ant Digital Technologies and its subsidiary Zan to tokenize environmental, social and governance (ESG) real assets.
However, the public information from Sui still leaves many important questions unanswered, such as who is the original holder of these ESG assets and what is the role of the partners in the business.
Sui And Ant Group Encrypt Real Assets ESG
Layer-1 Sui blockchain protocol Satisfied announced This ESG cooperation is through social networks. In essence, the team will use tokenization to significantly expand investor access to these real ESG assets.
“Tokenizing the ESG market is a great step forward for real assets. Through this partnership, investors will have access to a completely new market, and it is all happening on the most relevant platform, Sui,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, statement.
Environmental concerns play a large role in the cryptocurrency industry, especially because they are used to justify constant attacks on the mining industry. However, Sui’s decision to use real asset tokenization to promote ESG assets is less popular.
That said, the company has recently entered into a number of novel collaborations, promoting blockchain development and Bitcoin staking.
Sui, for his part, has had a stellar performance recently. In late November, it weathered a two-hour outage with only a slight decline in token value. The SUI token hit an all-time high yesterday, and it is showing continued momentum towards higher levels.
However, Sui’s public statements about this project remain quite vague. The press release states that the asset “will be held by a leading technology company and award-winning international manufacturer of solar materials.”
However, they gave few other details, only calling Holder “a world-leading new energy corporation” on Fortune China’s Top 500 list. Ant Digital and its subsidiary Zan play a role in helping Sui tokenize ESG real assets, but their specific mandate is vague. Hopefully more details will become available as the project continues to progress.
Meanwhile, Sui recently announced another major collaboration with investment firm Franklin Templeton. This partnership will support the network’s developer ecosystem and help the infrastructure achieve better scalability.