Sui, Franklin Templeton launch ecosystem partnership
Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the layer-1 network, Sui said on Nov. 22.
The partnership will prioritize “supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain protocol,” Sui said .
While the announcement did not detail specific plans for the partnership, Franklin Templeton’s emerging role in the blockchain space is significant.
As Cointelegraph recently reported , Franklin Templeton launched its flagship tokenized money market fund, Franklin OnChain US Government Money Fund (FOBXX), on the Aptos network. Less than a month later, it launched FOBXX on Coinbase’s layer-2 network, Base.
Cointelegraph reached out to Sui for more details on its partnership with Franklin Templeton but did not receive an immediate response.
Sui is a decentralized layer-1 blockchain designed for rapid smart contract deployment. It is often dubbed a Solana killer because of its focus on low-latency applications.
RWA value by segment. Source: RWA.xyz
Related: Franklin Templeton launches tokenized money fund on Base
In 2024, asset manager Grayscale launched Grayscale SUI Trust, an investment fund focused on Sui’s native SUI ( SUI ) token. Multiple stablecoins, including USD Coin ( USDC ), also launched on Sui.
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