Chainwire
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Franklin Templeton's investment seeks to propel Sui's blockchain technology for innovations in decentralized finance.
Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›
Grand Cayman, Cayman Islands, November 22nd, 2024, Chainwire
Sui drives blockchain innovation with support from global leader in asset management
The Sui Foundation, the independent organization dedicated to the advancement and adoption ofย Sui, the 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 believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol.
โSui was originally inspired by some of the challenges Franklin Templeton Digital Assets is helping to solve, particularly those that exist within decentralized finance today,โ said Jameel Khalfan, Head of Ecosystem Development. โTheir interest in Suiโs groundbreaking technology feels not only validating, but as though Sui has come full circle.โ
Franklin Templeton Digital Assets has been engaged for the past few years in building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firmโs dedicated digital assets research team leverages fundamental โtokenomicโ analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.
โFor the past decade, blockchain technology has captured public attention from technologists and economists alike, but often runs up against technical limitations. We are excited for what the Sui team is building,โ said Tony Pecore, SVP / Director of Digital Asset Management at Franklin Templeton.
Examples of impressive projects being built in the Sui ecosystem includeย DeepBook on Sui, calledย DeFiโs answer to a central limit order book, or what exchanges use to facilitate buying and selling between traders by recording bids and offers, as well as Karrier One, the decentralized mobile carrier behind the Karrier One DePin network, and Ika, a parallel MPC network that enables seamless and secure cross-chain interactions.
As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, native USDC launched on Sui, enabling users to have direct access to one of the most widely used stablecoins globally while removing the added complexities and risks caused by bridged assets.
Contact
Sui Foundation
[email protected]
Share
Broadcast your project news with guaranteed coverage on industry-leading publications like CryptoSlate.
CryptoSlate has partnered with Chainwire to deliver press releases distributed across numerous crypto media sites, including Cointelegraph, Decrypt and The Defiant.
Chainwire has been used by over 800 brands and PR agencies worldwide.
Get Started with Chainwire
