Sui and Ant Digital have signed a collaboration on December 14th. According to the official release the goal of the partnership between Ant Digital Technologies and its Web3 technology brand ZAN and Sui is to accelerate the global integration of RWA (real-world assets) into the Web3 ecosystem.
The collaboration comes against the backdrop of SUI prices being subdued. At the press the coin is trading at $4.60, 2.90% down as compared to the previous day.
What Will The Partnership Include?
Under the partnership, real-world assets backed by ESG will be prepared to advance in financialization and open up to investors. This partnership will bring ESG-backed real-world assets onchain by tokenizing those assets and making them available on Sui for the first time.
These tangible assets, known as “notes,” will be owned by a global producer of solar materials and an award-winning technology driver.
Top Officials See The Partnership As Positive Sign
“We established our partnership in August and have now achieved another significant milestone. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications,” said Cobe Zhang, Head of Web3 Product at Ant Digital Technologies.
He adds “Looking ahead, we hope to continuously provide various advanced technical services to more RWA projects, especially in the new energy sector, and our technology can better support the development of the real economy.”
“Tokenizing the ESG market is an incredible step forward for real world assets,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Through this partnership, investors will have access to a whole new market and it’s all happening on the platform most suited for it, Sui.”
SUI Price Prediction: Is The Market Expecting A Bullish Run?
The partnership with Ant Digital has so far not given a bullish turn to the price of SUI. Howver, the upcoming year is likely to keep SUI prices upbeat.
According to VanEck, altcoins will experience a bull market in 2025, which will increase investor interest. Thus, the company projects that at the top of the cycle Sui (SUI) may cost more than $10.
Given that investors have been waiting a long time for the coin to reach $10 per piece, the price prediction for $SUI is the most intriguing of all these expectations.
When other market expectations are taken into account, Sui is anticipated to trade between $8.04 and $22.31 in 2025. It is projected that SUI will trade at an average price of $12.87 throughout the year.
January could be the most bullish month for SUI given the current growth in the cryptocurrency market, as the currency is predicted to increase 376.72% from its current level.