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Sui partners with Franklin Templeton to boost blockchain innovation

November 25, 2024 By News Team

Sui has partnered with Franklin Templeton Digital Assets to strengthen its ecosystem and advance blockchain-based technologies.

The partnership will support developers in the Sui Suisui-5.74%Sui ecosystem while leveraging Franklin Templeton’s expertise in blockchain, digital assets, and investment strategies, according to a Sui post.

Franklin Templeton Digital Assets has been active in blockchain since 2018, running validators, conducting research, and creating investment strategies.

Its research team applies tokenomics analysis—evaluating the supply and demand of blockchain-based tokens—to guide project development and investments.

In early November, asset management firm VanEck announced the listing of its SUI exchange-traded note on Euronext Amsterdam and Paris.

Sui’s partnership details

The partnership focuses on promising Sui projects like Deepbook DeepBookdeep5.15%DeepBook, a decentralized order book for DeFi trading; Karrier One, which powers a decentralized mobile network; and Ika, a tool for secure cross-chain interactions, according to the release.

These projects demonstrate the diverse applications of blockchain technology, from finance to telecommunications.

This move aligns with a broader trend of major financial institutions exploring blockchain. Earlier this year, asset management giant Grayscale launched a trust specifically for SUI.

Additionally, popular stablecoins like USDC USDCusdc-0.09%USDC have been integrated into the Sui network.

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