Sui blockchain partners with Ant Digital on tokenized ESG assets

Layer-1 blockchain Sui and China’s Ant Digital will work together to tokenize real-world assets. They plan to concentrate on assets in the environmental, social and governance (ESG) space.

Tokenizing Chinese solar assets
Assets, which the partners are calling “notes,” of a Chinese solar material manufacturer ranked in the Fortune China Top 500 will be the first to be listed on the exchange. The manufacturer was not named in a statement provided to Cointelegraph. Cobe Zhang, head of Web3 product at Ant Digital Technologies, said:

“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.”
Ant Digital is the technology arm of Ant Group, operator of the massive Alipay payment network. Ant Digital began independent operation in April.

ZAN is an Ant Digital brand that offers a suite of plug-and-play tools powered by the AntChain Open Labs TrustBase open-source technical stack. It was introduced in September 2023 and was designed for the issuance and management of tokenized real-world assets. Its product line includes solutions for Know Your Customer and Anti-Money Laundering.

ZAN integrated with Sui's original contributor Mysten Labs in August as a Remote Procedure Call (RPC) node operator. RPC allows a user to communicate with a server on a different network.