Sui Network, one of the fastest-growing Layer 1 blockchains, announced a partnership with World Liberty Financial, heralding significant changes in the DeFi industry.
Sui Joins WLFI's Macro Strategy Fund
World Liberty Financial introduced the 'Macro Strategy' fund intended for building a diversified portfolio of crypto assets. Through this partnership, $SUI will be added alongside Bitcoin, Ethereum, USD Coin, Chainlink, and Ondo Finance to this fund. Eric Trump, Web3 Ambassador at WLFI, emphasized the significance of this collaboration: 'We are very excited to work with Sui and explore the innovative opportunities this collaboration presents.' Zak Folkman, co-founder of WLFI, highlighted Sui’s rapid adoption and technological innovation as key factors behind the partnership: 'We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans.' In recent months, Sui Network has achieved: over $70 billion in decentralized exchange volume, over 67 million on-chain accounts, and a surge in institutional adoption.
Future Collaborations for Sui and WLFI
Beyond including $SUI in its reserve, WLFI and Sui are in advanced talks to integrate the blockchain into WLFI’s CeFi and DeFi initiatives. Christian Thompson, Managing Director of the Sui Foundation, described the partnership as a significant endorsement of Sui’s technology and long-term vision: 'WLFI recognizes what we’ve been building, a blockchain designed for the future of finance that’s fast, secure, and accessible.' Evan Cheng, Co-Founder and CEO of Mysten Labs (the original contributor to Sui), echoed this sentiment: 'We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses digital assets.'
Impact on Sui and WLFI
The inclusion of $SUI in WLFI’s Strategic Reserve is expected to boost Sui’s credibility as a leading DeFi asset and provide WLFI with a technologically advanced partner to expand its initiatives. For Sui, this strengthens its position in the institutional DeFi market, enhances visibility among major financial players, and creates potential integrations with WLFI’s financial products. For WLFI, adding $SUI aligns with its vision of supporting cutting-edge DeFi projects, expanding its tokenized asset holdings, and encouraging financial innovation in the U.S.
This partnership between Sui Network and WLFI may mark a significant step in the developing crypto-finance sector, as more governments and institutions recognize the importance of crypto reserves and decentralized finance.
