Sui Drops 2.258% Amid Strategic Partnerships with 21Shares, Bitlayer

Sui's latest price was $3.82, down 2.258% in the last 24 hours. Sui, a high-throughput Layer-1 blockchain, has recently announced a strategic partnership with 21Shares, a global asset manager, to expand real-world asset (RWA) applications on-chain. This collaboration includes joint product development, research reports, and access to institutional markets, particularly in the U.S. The partnership was officially announced during Sui’s Basecamp conference, marking a significant milestone as traditional financial firms increasingly pivot to tokenized assets. Duncan Moir, President of 21Shares, highlighted the long-term faith in Sui’s infrastructure, describing it as one of the most exciting blockchains in the industry. This cooperation positions Sui favorably as 21Shares expands in the U.S., leveraging its extensive experience in providing digital asset exposure across Europe.

Sui’s technical design, built by former Meta engineers, offers several key advantages that are particularly appealing to institutions. These include parallel execution and sub-second finality, which allow for unprecedented throughput. Additionally, Sui’s developer-friendly design, featuring object-based programming and intuitive architecture, speeds up app development and reduces friction. Features like zkLogin and gasless transactions further bridge Web2 familiarity into Web3, improving mainstream accessibility. These technical edges make Sui ideal for real-world asset tokenization (RWA), a market projected to reach over $16 trillion by 2030. Sui is already powering major initiatives, such as Ondo Finance’s launch of tokenized U.S. Treasuries, ATHEX Exchange’s experimentation with on-chain fundraising, and the SuiPlay0X1 gaming console, demonstrating its adaptability across various sectors.

Sui’s collaboration with 21Shares is more than a marketing move; it reflects the growing institutional belief in modular, scalable crypto infrastructure for serious financial use. With stablecoin issuers, DeFi protocols, and asset tokenization platforms all looking for execution speed and finality guarantees, Sui’s architecture offers a compelling alternative to legacy blockchains burdened by congestion and cost. By bringing in 21Shares, a firm managing over $2.5 billion in assets and known for launching the world’s first crypto ETP, Sui is positioning itself as a next-gen foundation for regulated, high-volume blockchain finance. This alliance may also set a precedent for more traditional financial firms to align with scalable blockchains that prioritize real-world usability over hype-driven metrics.

In another significant development, Bitlayer, a project based on BitVM technology in the Bitcoin ecosystem, has announced a partnership with Sui. The two parties will jointly implement the trust-minimized BTC bridge solution, BitVM Bridge, and promote the integration and adoption of the BitVM Bridge core component Peg-BTC (YBTC) in the Sui ecosystem. With the launch of Peg-BTC (YBTC), users will be able to explore various DeFi scenarios such as asset exchange, lending, and staking yield on the Sui network. This collaboration marks a key milestone in the multi-chain ecosystem deployment of BitVM Bridge, which has now partnered with seven mainstream public chains and protocols, including Sui, Base, Starknet, Arbitrum, Sonic, Plume Network, and Sundial. According to official sources, BitVM Bridge has entered its final testing phase and is expected to launch its mainnet soon.

Sui’s ecosystem continues to grow with increasing institutional interest. The blockchain’s high throughput and scalability make it an attractive foundation for tokenized treasuries, DeFi, and stablecoins. The collaboration with 21Shares and Bitlayer further solidifies Sui’s position as a leading player in the blockchain industry, with a focus on real-world asset tokenization and institutional adoption. As the ecosystem expands, Sui is poised to become a key player in the future of regulated, high-volume blockchain finance.

Recent developments in the Sui blockchain ecosystem highlight a significant expansion in its DeFi capabilities, notably through a strategic partnership with Bitlayer. This collaboration has facilitated the introduction of Peg-BTC, a Bitcoin-backed token, into Sui’s DeFi infrastructure. By utilizing the BitVM bridge, this integration aims to enhance the utility of Bitcoin within the Sui network, thus attracting more users to its growing ecosystem.

Sui has also made headlines by securing institutional backing from 21Shares, a key player in the digital asset investment space. This partnership is set to broaden the adoption of Real World Asset (RWA) within Sui’s scalable crypto infrastructure, which signals an increasing institutional interest in the blockchain's potential. This movement towards integrating RWAs into its ecosystem positions Sui as a pioneering blockchain in accommodating diverse asset types beyond traditional cryptocurrencies.

The Sui network has reached a significant milestone, as it reportedly surpassed 8 million net new token holders by mid-May 2025. This growth reflects substantial user adoption, marking a critical phase in the network’s expansion. The influx of new holders could indicate a bolstered community and increased attention from both retail and institutional participants.

These developments collectively underscore Sui's strategic efforts to enhance its ecosystem through innovative partnerships and by broadening its asset base. By integrating Bitcoin utilities through collaborations such as the Bitlayer partnership and expanding institutional ties with firms like 21Shares, Sui continues to elevate its status within the crypto industry. This strategic direction not only aligns with market demands but also lays a strong foundation for future growth in the blockchain space.