21Shares, a top cryptocurrency exchange-traded product provider, is joining forces with Sui. This partnership aims to make Sui’s 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 company has a strong presence in europe and now seeks to grow in America. Sui’s blockchain network is gaining traction, especially in decentralized finance and real-world assets.
Federico Brokate, head of U.S. business at 21Shares, said, “Partnering with Sui aligns with our vision for the future of blockchain. We see Sui as a key player in the crypto space 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 belief and investor interest.”
Sui is a layer-1 blockchain known for its fast transaction speeds and scalability. It currently holds around $2.06 billion in total value locked, ranking eighth globally.In the past month, its TVL has risen by nearly 70%.
This partnership could drive further adoption of Sui, benefiting both the network and its users. For more details,visit DeFiLlama.
