Sui and 21Shares Join Forces: Wild Expansion Plans and Flamboyant DeFi Moves!

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21Shares, darling of the cryptocurrency ETP ballroom, has found itself a new dance partner—none other than Sui, who arrives freshly powdered with ambition and a spot of blockchain perfume. Who could resist such a partnership? Not even the most stoic Swiss banker, it seems.🕺💃

Through the fine art of “strategic partnership” (one suspects champagne was involved), Sui and 21Shares are determined to sprinkle SUI tokens like confetti from St. Moritz to Manhattan. Forget diamonds—these days, a man of taste gives a token!

This tantalizing collaboration pirouetted onto the stage on Wednesday, May 14, timed with all the flair of an over-enthusiastic debutante at her first ball. Our ETP darlings, already beloved in Europe, envy the New World’s glitter and aim to crash the U.S. bash—preferably before anyone realizes the punch bowl is just stablecoins.

A spokesperson for Team Sui (who, one assumes, wears exquisite tailoring and only the most ironic pocket squares), remarked that the Swiss-based 21Shares will leap into the ready arms of American markets, poised for institutional dances with decentralized finance and real-world assets. Ah, the romance of regulatory limbo!

“Partnering with Sui speaks to where we see the future of blockchain infrastructure heading,” intoned Federico Brokate, head of U.S. business at 21Shares—probably while leaning languidly on a velvet chaise. “We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time.” Or at least until the next reorg.

Lured by the captivating U.S. regulatory waltz (which, thanks to Donald Trump’s administration, has become more pro-crypto and less pro-fun-police), 21Shares is making a mad dash stateside. The energy could, in fact, light half of Zurich, if only properly channeled.

At the illustrious Sui Basecamp conference (one hopes the canapés were as promising as the ecosystem), Duncan Moir, 21Shares’ president, stood tall and declaimed:

“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out. We operate based on conviction but also investor demand, and our planned roadmap with Sui is a reflection of both.” Very moving—one nearly weeps into one’s ledger!

Sui, that glittering Layer-1 blockchain, boasts sub-second transaction finality and seduces developers with promises of effortless speed and irresistible scalability. The sheer magnetism!✨

According to DeFiLlama (who presumably wears spectacles and monocle simultaneously), Sui now ensconces around $2.06 billion in total value locked—eighth in the world! Almost respectable. In the last month alone, Sui’s TVL ballooned nearly 70%, which is more impressive than most crypto portfolios, or one’s coiffure the morning after a bull market rally.

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2025-05-14 21:50