What is the Sui network? The Sui network is a novel blockchain platform designed to tackle industry challenges such as scalability, speed and cost. Launched in May 2023 by Mysten Labs, a company founded by former Meta engineers involved in Facebook’s Diem project (formerly known as Libra), Sui was built to deliver a decentralized solution capable of…

Asset manager Grayscale Investments launched a new investment fund for Aave’s governance token, AAVE, according to an Oct. 3 announcement. The Grayscale Aave Trust “offers investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform,” Grayscale said. The fund, which is only available to qualified investors, adds to Grayscale’s suite of single-asset…

Visa introduced its new Visa Tokenized Asset Platform (VTAP), designed to enable digital asset issuance and management. On Oct. 3, the financial services giant revealed its VTAP, which it said is built to support a wide range of tokenized assets, including stablecoins and central bank digital currencies (CBDCs). According to Visa, the VTAP is currently…