21Shares Forms Strategic Partnership with Sui

21Shares, a provider of cryptocurrency exchange-traded products (ETPs), announced on the 7th that it has formed a strategic partnership with Sui, a Layer 1 blockchain platform.

Through this partnership, the two companies plan to engage in various collaborative initiatives such as joint product development and the publication of research reports. In particular, they plan to leverage Sui's superior speed, throughput, and scalability to expand institutional projects such as real asset tokenization, stablecoins, and decentralized finance (DeFi) services.

Based in Zurich, Switzerland, 21Shares has built a solid digital asset service portfolio in the European market and is now focusing its efforts on expanding into the U.S. market.

Duncan Moir, CEO of 21Shares, attended Sui's annual conference, 'Sui Basecamp,' and stated, "21Shares has evaluated Sui as one of the most promising projects in the blockchain industry from the beginning, and we are witnessing its potential being realized. Our investment strategy is based on corporate beliefs and investor demand, and our cooperation roadmap with Sui faithfully reflects this."