21Shares, a top cryptocurrency exchange-traded product provider, is joining forces with Sui. This partnership aims to make SuiS native token more accessible to users worldwide.
Announced on may 14, the collaboration will help 21Shares expand into the U.S. market. The Swiss-based firm is known for it’s strong presence in Europe’s digital assets sector.
Sui’s team believes this partnership will help 21Shares enter the American market. The growth of decentralized finance and real-world assets could boost the SUI token’s adoption.
Federico Brokate, head of U.S. business at 21Shares, said, “Partnering with Sui aligns with our vision for blockchain’s future. We see Sui playing a key role in crypto due to its technical capabilities and institutional support.”
At the sui Basecamp conference, 21Shares’ president, Duncan Moir, shared, “Our research shows Sui’s potential. We’re excited to work with them based on our conviction and investor demand.”
Sui is a layer-1 blockchain offering fast transaction speeds. It has gained traction as developers use its network for speed and scalability.
According to DeFiLlama, Sui’s total value locked in protocols is around $2.06 billion. This ranks it as the eighth-largest chain by TVL, with a 70% increase in the past month.
