Key Points

• Sui announced a WLFI collaboration and Strategic Reserve deal.
• Following the announcement, SUI’s price spiked by over 7%.

In an official blog post dated today, March 6, the team at Sui Foundation announced an important partnership with the Trump family crypto project, World Liberty Financial (WLFI).

WLFI and Sui will explore collaborations on the next-gen blockchain apps and assets.

Sui Teams Up With WLFI

In the official announcement, Sui revealed its shared vision with WLFI – a more open and transparent financial world.

Both entities begin to explore product development opportunities, and WLFI reportedly plans to include Sui assets in Macro Strategy – the project’s strategic token reserve created to boost and support leading crypto projects.

The US President’s son, Eric Trump expressed his pleasure to work with Sui and explore innovative opportunities of this new deal. Eric Trump is a Web3 Ambassador at WLFI.

WLFI’s co-founder, Zak Folkman, explained that the project chose Sui for these reasons:

• Its American-born innovation
• Impressive scale
• High adoption rate

He said that all these elements align with WLFI’s mission to bring DeFi to more Americans.

A Common Vision for A Future Where People Take Back Control

Evan Cheng, co-founder and CEO of Mysten Labs, the Sui original contributor also highlighted the great opportunities brought by this new collaboration.

Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets, according to Cheng.

He highlighted that the two companies share a vision of a future where people take back control of their finances, creations, and online agency,

Following the collaboration announcement, SUI’s price spiked significantly.

SUI Price Surged

SUI was trading at around $2.64 earlier today, and following the announcement of this new deal, the digital asset’s price spiked by around 6%, reaching $2.9.

At the moment of writing this article, SUI is trading at $2.8 with a market cap of over $8.87 billion, up by 12% for the day.