SUI and 21Share have joined a strategic partnership that will help fund issuers trading on exchanges expand their adoption of SUI globally. The partnership was announced on Wednesday, May 14th. According to the SUI team, Switzerland-based 21Shares has entered the US market using SUI.
Amidst the new trends towards decentralized finance and real-world assets, the institutional adoption of SUI could further boost SUI tokens. 21Share aims to enter the US market, which has become slightly more attractive amidst the pro-doing stance of the US Donald Trump administration.
The SUI Layer-1 blockchain offers 2-second transaction execution and is experiencing significant growth as developers take advantage of network speed and scalability. According to Defillama, SUI’s TVL is around $2.06 billion at the time of writing, making it the eighth largest ranking in TVL. L1 blockchain’s TVL rose almost 70% last month.
Image: Freepik
Designed by Freepik
