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Cryptocurrency News Articles
Sui Partners With Franklin Templeton Digital Assets to Bolster Ecosystem, Advance Blockchain Tech
Nov 22, 2024 at 11:48 pm
Sui has partnered with Franklin Templeton Digital Assets to strengthen its ecosystem and advance blockchain-based technologies.
Blockchain company Sui has announced a partnership with Franklin Templeton Digital Assets, the digital assets division of Franklin Templeton, to support developers in the Sui ecosystem and advance blockchain-based technologies.
The partnership will leverage Franklin Templeton’s expertise in blockchain, digital assets, and investment strategies to support promising projects in the Sui ecosystem, according to a post by Sui.
Franklin Templeton Digital Assets has been actively involved in the blockchain space since 2018, operating validators, conducting research, and developing investment strategies.
Its research team utilizes tokenomics analysis — examining the supply and demand of blockchain-based tokens — to inform 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.
Some of the promising Sui projects highlighted in the partnership include Deepbook (DEEP), 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 showcase the varied applications of blockchain technology, spanning finance and telecommunications.
The partnership aligns with a broader trend of major financial institutions exploring blockchain. Earlier this year, asset management giant Grayscale launched a trust specifically for SUI.
Moreover, prominent stablecoins such as USDC (USDC) have been integrated into the Sui network.
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