Sui partners with Franklin Templeton to boost blockchain innovation

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

The partnership will support developers in the Sui (SUI) ecosystem while leveraging Franklin Templeton’s expertise in blockchain, digital assets, and investment strategies, according to a post from Sui.

Franklin Templeton Digital Assets has been operating in the blockchain space since 2018, employing validators, conducting research and creating investment strategies.

The research team applies tokenomic analysis, which evaluates the supply and demand of blockchain-based tokens to guide project development and investments.

In early November, asset management company VanEck announced the listing of its SUI listed bond on Euronext Amsterdam and Paris.

Sui’s partnership details

The partnership includes 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 statement.

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

This move is in line with the broader trend of major financial institutions exploring blockchain. Earlier this year, asset management giant Grayscale launched a SUI-specific trust.

Additionally, popular stablecoins such as USDC (USDC) have been integrated into the Sui network.