Sui Partners with Franklin Templeton to Boost Blockchain Innovation and DeFi Growth

Sui has forged a significant partnership with Franklin Templeton Digital Assets, aimed at accelerating innovation within its blockchain ecosystem.

The collaboration seeks to empower developers building on the Sui blockchain and introduce advanced technologies to enhance the network’s capabilities.

Franklin Templeton, a veteran in blockchain-based solutions since 2018, brings extensive expertise to the table. The firm has established a reputation for running node validators, devising investment strategies, and conducting deep tokenomic analyses to guide product development and investment decisions.

Projects like Deepbook, which offers a decentralized alternative to traditional central limit order books, and Karrier One, a decentralized mobile carrier network, have particularly impressed Franklin Templeton. Additionally, Ika’s parallel multi-party computation (MPC) network for secure cross-chain interactions has gained attention as a transformative solution in the blockchain space.

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This collaboration highlights a growing trend of institutional interest in Sui’s blockchain. Earlier this year, Grayscale launched the Grayscale SUI Trust, and major stablecoins like USDC, FDUSD, and AUSD were introduced on the network.

Since its Mainnet debut in May 2023, Sui has emerged as a key player in the DeFi landscape. The network reported an impressive 675% increase in total value locked (TVL) and a 956% surge in DeFi transaction volume over the past year. Thanks to its parallel transaction processing and low gas fees, Sui is proving to be a robust foundation for DeFi innovation.

This partnership with Franklin Templeton marks another milestone in Sui’s journey to becoming a leader in the blockchain sector.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.