21Shares and Sui enter into strategic partnership to expand global ecosystem

21Shares, a global cryptocurrency exchange-traded product (ETP) provider, has announced that it has launched its Layer-1 blockchain platform, Sui.
The partnership comes as 21Shares is moving forward with its full-scale expansion into the U.S. market.
The agreement is expected to further strengthen institutional investors' trust in Sui. The two companies plan to pursue various collaborative initiatives in the future, including joint product development and the publication of research reports.
In particular, Sui's superior speed, throughput and scalability will be utilized to expand institutional projects such as tokenization of real assets, stable coins and DeFi services.
Zurich, Switzerland-based 21Shares has built a robust portfolio of digital asset services in the European market, but has recently expanded into the U.S.
Duncan Moir, president of 21Shares, said at the annual Sui conference, "Sui
Basecamp, 21Shares said, "From the early days, we have recognized Sui as one of the most promising projects in the blockchain industry, and we are pleased to see that potential being realized."
"21Shares' investment strategy is based on the beliefs of companies and the demands of investors, and the cooperation roadmap with Sui faithfully reflects this," he said.
Federico Brokate, head of US operations at 21Shares, said, "Our collaboration with Sui is a step towards realizing our vision for blockchain innovation.
"Sui is aligned with the future direction of Frastructure and is a valuable addition to the team due to his strong technical capabilities, thriving DeFi and developer ecosystem, and strong relationships with institutional investors," he explained.
"We expect this to form the backbone of the cryptocurrency industry for a long time to come," said Mysten, the company behind Sui.
Kevin Boone, president of Misten Labs
Boon said, "Sui is a global digital asset coordination layer.
21Shares highly evaluated the potential of Sui and decided to use it to expand the global ecosystem.
"I am looking forward to actively working with them," said Sui. Meanwhile, Sui is a former member of Meta, a high-performance Layer 1 blockchain designed by engineers.
Through object-centric design, we provide an infrastructure that is friendly to both general users and institutions. Thousands of parallel transactions per second and sub-second finality.
It boasts unrivaled speed and scalability in the blockchain industry. Recently, it has launched a gaming console called "SuiPlay0X1" to improve accessibility for general users.
It also promotes the Web3 experience through its gas-free zkLogin feature.
It is breaking down the boundaries between Web2 and Web3 by supporting blockchain-based government bonds and the Greek Stock Exchange's (ATHEX) on-chain funding platform.