Sui teams up with 21Shares to expand SUI adoption

By: bitcoin ethereum news|2025/05/15 07:45:05
0
Share
copy
21Shares, a leading cryptocurrency exchange-traded product provider, is partnering with Sui to bring the blockchain network’s native token to more users. Sui (SUI) and 21Shares have struck a strategic partnership that will see the exchange-traded funds issuer help expand SUI’s adoption across the globe. The collaboration, revealed on Wednesday, May 14, comes as the ETP provider, which has a significant digital assets presence in Europe, seeks to expand into the U.S. market. According to team Sui, Switzerland-based 21Shares is leveraging Sui to enter the American market. Institutional adoption of Sui amid fresh traction for decentralized finance and real-world assets could fuel further growth for SUI token. “Partnering with Sui speaks to where we see the future of blockchain infrastructure heading,” said Federico Brokate, head of U.S. business at 21Shares. “We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time.” The partnership with Sui comes as 21Shares makes for a dash into the U.S. market that has become a little more attractive amid the pro-crypto stance of Donald Trump’s administration. Speaking at the annual Sui Basecamp conference, 21Shares’ president Duncan Moir said: “Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out. We operate based on conviction but also investor demand, and our planned roadmap with Sui is a reflection of both.” Layer-1 blockchain Sui offers transaction execution at sub-second finality and gets notable traction as developers tap into its network speed and scalability. Per DeFiLlama, Sui’s total value locked in protocols currently sits around $2.06 billion, ranking as the eighth-largest chain by TVL. The L1 blockchain’s TVL has increased nearly 70% in the past month. Source: https://crypto.news/sui-teams-up-with-21shares-to-expand-sui-adoption/

-- Price

--

You may also like

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately

On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com