21Shares and Sui Team Up to Unleash SUI Token on the World

Power Move in Crypto: 21Shares Joins Forces with Sui

Hold onto your hats, crypto fans! 21Shares, the heavyweight champ of exchange-traded products, is diving headfirst into a game-changing partnership with Sui. They're ready to blast the blockchain's native SUI token into the hands of eager users everywhere.

Sui (SUI) and 21Shares just inked a blockbuster deal. This powerhouse collaboration is set to skyrocket SUI's adoption across the globe. Buckle up, folks, because things are about to get wild!

The news hit the streets on Wednesday, May 14, and it's no surprise. 21Shares, already a force to be reckoned with in Europe's digital assets scene, is now setting its sights on conquering the U.S. market.

Team Sui spilled the beans: Switzerland's own 21Shares is using Sui as its golden ticket to the American dream. As decentralized finance and real-world assets gain fresh momentum, institutional players are jumping on the Sui bandwagon, potentially sending the SUI token to the moon.

Federico Brokate, the head honcho of U.S. business at 21Shares, couldn't contain his excitement: "Partnering with Sui speaks to where we see the future of blockchain infrastructure heading. We believe Sui has the technical chops, DeFi and developer ecosystems, and institutional clout to be a crypto kingpin for the long haul."

21Shares isn't just dipping its toes in the U.S. market; they're making a full-on sprint. And with Donald Trump's administration waving the pro-crypto flag, the timing couldn't be more perfect.

At the annual Sui Basecamp conference, 21Shares' president Duncan Moir dropped some serious knowledge: "Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the game, and we're watching that prediction come to life. We run on conviction and investor demand, and our planned roadmap with Sui is the ultimate reflection of both."

Sui, the lightning-fast layer-1 blockchain, is no slouch when it comes to transaction speed. With sub-second finality and scalability that developers can't get enough of, it's no wonder Sui is making waves.

According to DeFiLlama, Sui's total value locked in protocols is currently sitting pretty at around $2.06 billion, making it the eighth-largest chain by TVL. And get this: the L1 blockchain's TVL has blasted off by nearly 70% in just the past month. Strap in, because Sui is on a rocket ship to the top!