Sui and 21Shares have entered into a strategic partnership where the exchange-traded fund issuer will help expand SUI adoption globally. The partnership was announced on Wednesday, May 14. According to the Sui team, Switzerland-based 21Shares is using Sui to enter the US market. Institutional adoption of Sui amid the new trend towards decentralized finance and real-world assets could further boost the SUI token. 21Shares is looking to enter the US market, which has become slightly more attractive amid the pro-crypto stance of the US President Donald Trump administration. The Sui layer-1 blockchain offers sub-second transaction execution and has seen significant growth as developers leverage its network speed and scalability. According to DeFiLlama, Sui’s TVL is approximately $2.06 billion at the time of writing, ranking it as the eighth-largest by TVL. The L1 blockchain's TVL has increased by almost 70% in the last month. Image: freepik Designed by Freepik