Sui, Franklin Templeton Ecosystem partnership launched
Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the Layer-1 network, Sui said on November 22.
The partnership will “prioritize the Sui ecosystem to support developers and deploy new technologies that support the Sui blockchain protocol,” Sui said.
While the announcement did not reveal specific plans for the partnership, Franklin Templeton's role in the blockchain space is significant.
As Cointelegraph recently reported, Franklin Templeton has launched Franklin OnChain US Government Fund (FOBXX), a major money market fund, on the Aptos network. In less than a month, FOBXX launched on Coinbase's Layer-2 network base.
Cointelegraph reached out to Sue for more information about his partnership with Franklin Templeton, but did not receive an immediate response.
Sui is designed for decentralized layer-1 fast smart contract deployment. Focusing on low latency, it is often called Solana killer.
RWA value per unit. Source: RWA.xyz
Related: Franklin Templeton Launches Tokenized Fund on Base
In the year In 2024, asset manager Greyscale launched Greyscale SUI Trust, an investment fund focused on Sui's native SUI (SUI) token. Several stablecoins have been launched on Sui, including USD Coin (USDC).
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