Sui Foundation enters into strategic partnership with Franklin Templeton Digital Assets

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Grand Cayman, Cayman Islands, November 22, 2024, Chainwire

Sui drives blockchain innovation with the support of global leaders in asset management.

The Sui Foundation, an independent organization dedicated to the advancement and adoption of Sui, an innovative layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem and this strategic partnership further benefits these efforts by exploring value creation opportunities for Sui blockchain-based solution builders to deploy new technologies leveraging the Sui blockchain protocol. I believe we will do it.

“Sui was originally inspired by some of the problems that Franklin Templeton Digital Assets was helping solve, particularly those that exist in decentralized finance today,” said Jameel Khalfan, Head of Ecosystem Development. “Their interest in Sui’s groundbreaking technology is not only validated, but it feels like Sui has come full circle.”

Franklin Templeton Digital Assets has been involved in building blockchain-based technology solutions, running node validators, and developing extensive investment strategies over the past few years. The company’s dedicated digital asset research team leverages fundamental “tokenomics” analysis, insights from its embedded data science team, and deep industry connections to inform product development and investment decisions.

“Over the past decade, blockchain technology has attracted public attention from both technologists and economists, but has often encountered technical limitations. We are excited to see what the Sui team is building,” said Tony Pecore, SVP/Director of Digital Asset Management at Franklin Templeton.

Examples of impressive projects being built in the Sui ecosystem include Sui’s DeepBook, which is said to be DeFi’s answer to central limit order books, or the decentralized Karrier, as well as an exchange used to facilitate buying and selling between traders by recording bids and offers. There is One. Ika, a parallel MPC network that enables seamless and secure cross-chain interaction with carriers behind the Karrier One DePin network.

Sui, a secure and scalable platform for building the future of intelligent assets, has already become the premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, the launch of native USDC on Sui gave users direct access to one of the most widely used stablecoins globally, eliminating the additional complexity and risk posed by bridged assets.