KEY TAKEAWAYS
- Sui partners with Franklin Templeton Digital Assets to enhance its blockchain ecosystem and deploy innovative technologies.
- Franklin Templeton has been actively developing blockchain solutions since 2018, focusing on investment strategies and tokenomic analysis.
- The partnership aligns with a growing trend of global investment firms showing interest in blockchain technologies.
- Sui’s ecosystem has seen significant growth, with a 675% increase in total value locked and a 956% rise in DeFi volume since its mainnet launch.
Sui has announced a strategic partnership with Franklin Templeton Digital Assets, aimed at supporting builders within the Sui ecosystem and deploying innovative technologies using the Sui blockchain protocol. This collaboration marks a significant step in enhancing the capabilities and reach of the Sui network.
Since 2018, Franklin Templeton Digital Assets has been actively involved in developing blockchain-based technology solutions. The firm has been running node validators and crafting a diverse range of investment strategies. Their dedicated digital assets research team employs fundamental tokenomic analysis, insights from an embedded data science team, and extensive industry connections to guide product development and investment decisions.
Franklin Templeton’s Interest in Sui Ecosystem Projects
Franklin Templeton has shown particular interest in several projects within the Sui ecosystem. Notable examples include Deepbook, which is described as DeFi’s answer to a central limit order book, facilitating trading by recording bids and offers. Another project is Karrier One, a decentralized mobile carrier behind the Karrier One DePin network. Additionally, Ika, a parallel MPC network, enables seamless and secure cross-chain interactions.
Greg Scanlon, Managing Principal at Franklin Templeton Venture Capital, discussed the firm’s approach to digital assets during the Sui Basecamp 2024 event. This partnership aligns with a broader trend of increasing interest from global investment firms in blockchain technologies.
Growing Interest in Sui Blockchain
The partnership between Sui and Franklin Templeton follows other significant developments in the Sui ecosystem. Earlier this year, Grayscale, an asset management company, established the Grayscale SUI Trust. Additionally, several stablecoins, including USDC, FDUSD, and AUSD, have launched on the Sui network.
Since the launch of the Sui Mainnet in May 2023, the network has experienced rapid growth in the DeFi sector. Over the past year, Sui recorded a 675 percent increase in total value locked (TVL) and a 956 percent rise in DeFi volume. DeFi projects on Sui benefit from its massive parallelization, which minimizes transaction latency, ensures quick processing times, and maintains consistently low gas fees.
The strategic partnership with Franklin Templeton is expected to further enhance the Sui ecosystem’s growth and innovation. More details about the partnership can be found here.
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