Sui, OpenAssets join development of OTAS tokenized asset standard

Sui said it is working with OpenAssets, a tokenized real-world asset infrastructure provider, on the Open Tokenized Asset Standard (OTAS) under Linux Foundation Decentralized Trust, and plans to expand its use across the Sui ecosystem. OTAS is an open-source standard designed to standardize how tokenized assets express identity, compliance rules and audit history so they can be represented, verified and settled across different financial systems. The goal is to make tokenized assets such as securities, funds and commodities easier to move and trade between institutions and networks without mandating any specific blockchain or technology stack. The Sui Foundation said it was one of OTAS's initial sponsors and took part from the standard's design stage.