21Shares Partners with Sui to Boost Global Blockchain Access
21Shares Collaborates with Sui for Global Blockchain Reach
21Shares, a major cryptocurrency exchange-traded product provider, has announced a partnership with Sui, a cutting-edge Layer-1 blockchain. This collaboration aims to broaden access to the Sui network as interest in its innovative ecosystem continues to rise.
“We have always recognized the potential of Sui as a transformative blockchain,” stated Duncan Moir, President of 21Shares. “Our engagement with Sui reflects both our conviction in its capabilities and the strong demand from investors for dynamic blockchain solutions.”
This strategic alliance will spearhead upcoming product collaborations, insightful research reports, and a range of initiatives that underscore the growing institutional interest in the Sui ecosystem. Renowned for its speed, throughput, and impressive scalability, Sui is emerging as a prime platform for tokenizing real-world assets like stablecoins and DeFi solutions.
Expanding Global Footprint in the U.S. Market
Based in Zurich, Switzerland, 21Shares has developed a comprehensive suite of digital asset offerings throughout Europe and is now strategically focusing on the U.S. market. The company's expansion showcases a commitment to enhancing its services to a broader audience.
“Partnering with Sui highlights our vision of the future of blockchain technology,” remarked Federico Brokate, Head of U.S. Business at 21Shares. “With its robust technical foundation, vibrant DeFi and developer environment, alongside institutional goodwill, Sui is poised to be a central player in the evolving crypto market.”
Leveraging a Scalable Blockchain Infrastructure for All Users
Sui stands out as a high-performance Layer-1 blockchain, crafted by former Meta engineers to promote mass adoption through an innovative object-centric design. It excels at executing transactions in parallel, delivering rapid transaction confirmations while ensuring a user-friendly experience for developers and end users alike.
Recent product launches, such as the SuiPlay0X1 gaming console, showcase Sui’s consumer-facing capabilities. With innovative features like zkLogin, users can enjoy gasless transactions, which are particularly appealing to newcomers in the crypto space. Furthermore, Sui supports institutional-grade applications, such as Ondo’s tokenized treasuries and initiatives by ATHEX to enhance on-chain funding mechanisms for stock exchanges.
“Sui was meticulously designed to serve as the global coordination layer for digital assets,” shared Kevin Boon, President at Mysten Labs, the original contributor to Sui. “21Shares recognizes the inherent value of Sui’s framework and is dedicated to expanding its accessibility, making it a celebrated choice around the globe.”
About 21Shares: Pioneering Cryptocurrency Investment
As a leading figure in cryptocurrency exchange-traded products, 21Shares offers a vast range of crypto ETPs, aiming to bridge the gap between traditional finance and decentralized innovations. The company made history in 2018 by listing the first physically-backed crypto ETP, establishing a strong reputation over the years by providing investment solutions that meet the demands of sophisticated investors.
21Shares operates as a part of 21.co, a renowned entity in the domain of decentralized finance, underscoring its commitment to making cryptocurrency investments more accessible. Through a dedicated team and robust technology, 21Shares creates innovative investment products designed for efficiency and cost-effectiveness.
Contact Information
For inquiries, please reach out to:
Matteo Valli
matteo.valli@21shares.com
Alethea Jadick
ajadick@sloanepr.com
Frequently Asked Questions
What is the goal of the partnership between 21Shares and Sui?
The partnership aims to expand global access to the Sui blockchain and leverage product collaborations and research initiatives, responding to growing institutional interest.
What makes Sui a unique blockchain solution?
Sui's unique object-centric architecture allows for rapid transaction execution and scalability, making it ideal for both everyday users and institutional applications.
How does 21Shares plan to support Sui?
21Shares intends to cultivate product innovations, enhance research efforts, and increase market awareness of Sui to create a more accessible ecosystem for users.
What are some recent developments with Sui?
Sui has launched products such as the SuiPlay0X1 gaming console and various applications that simplify onboarding for new users and institutional clients.
Who can benefit from the Sui blockchain?
Both consumers and institutions can benefit from Sui's capabilities, as it provides tools that meet the demands of developers while enhancing user experiences with crypto applications.
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