Layer-1 blockchain network Sui has announced a strategic partnership with Ant Digital to facilitate the tokenization of real-world assets (RWA). The collaboration will primarily focus on assets within the environmental, social, and governance (ESG) sector, underscoring the increasing role of blockchain technology in sustainable finance.
The first assets to be tokenized, referred to as “notes,” will originate from a prominent Chinese solar materials manufacturer listed in the Fortune China Top 500. Although the manufacturer’s identity remains undisclosed, the initiative marks a significant step toward integrating blockchain-based solutions into China’s renewable energy landscape. Ant Digital’s leadership emphasized the company’s commitment to delivering advanced technological services to RWA projects, particularly those in the new energy sector, highlighting the potential for blockchain to drive the growth of the real economy.
Ant Digital’s Role and Innovative Technologies
Ant Digital, the technology subsidiary of Ant Group—known for operating the Alipay payment network—has been functioning as an independent entity since April. The partnership aligns with Ant Digital’s goal to enhance blockchain adoption through its ZAN brand, which provides innovative tools for RWA issuance and management.
Launched in September 2023, ZAN offers a comprehensive suite of solutions powered by the AntChain Open Labs TrustBase open-source stack. Its offerings include services for Know Your Customer (KYC) compliance and Anti-Money Laundering (AML), ensuring secure and compliant asset tokenization processes.
ZAN has previously partnered with Mysten Labs, the original contributor to the Sui blockchain, to operate as a Remote Procedure Call (RPC) node. This integration allows seamless communication between users and servers across networks, further enhancing Sui’s blockchain capabilities.
In recent months, Sui has actively expanded its ecosystem through multiple integrations. On December 11, the network announced its integration with Backpack Exchange, granting access to the non-custodial Backpack Wallet. Earlier in November, investment firm VanEck introduced a financial product built on Sui, following Grayscale’s similar move in August. These developments reflect the growing interest and adoption of Sui’s blockchain solutions, with its total value locked (TVL) now nearing $2 billion.
Regenerative Finance and Growing Global Interest
The collaboration between Sui and Ant Digital also underscores the broader growth of regenerative finance (ReFi), a term often used to describe Web3 projects focused on ESG, green finance, and sustainability. ReFi initiatives have gained traction in China and beyond, driven by a collective effort to integrate environmentally conscious solutions into financial systems.
China has demonstrated a sustained interest in green finance through initiatives such as the China-Singapore Green Finance Taskforce, jointly supported by the People’s Bank of China and the Monetary Authority of Singapore. These efforts reflect a strategic approach to promoting sustainable development and innovation in financial markets.
Hong Kong has also made notable progress in tokenized green finance. The government recently issued tokenized green bonds worth approximately $100 million under its Green Bond Programme, further showcasing blockchain’s role in advancing sustainable finance.
Blockchain Solutions Powering Renewable Energy Markets
The partnership between Sui and Ant Digital is part of a larger movement to leverage blockchain for renewable energy initiatives. Energy finance companies like PowerDime are already utilizing blockchain solutions to tokenize renewable energy trading. PowerDime’s platform on the Chintai blockchain features tokenized power purchase agreements for wind and solar energy, demonstrating how blockchain technology can streamline transactions within the energy sector.
As interest in regenerative finance continues to grow, the collaboration between Sui and Ant Digital represents a significant step toward creating a more sustainable and efficient financial ecosystem. By combining blockchain infrastructure with ESG principles, the partnership has the potential to revolutionize the way real-world assets are managed and traded, ultimately driving innovation in both the renewable energy and financial industries.