Sui has entered into a strategic partnership with Franklin Templeton Digital Assets to foster the development of projects within the Sui blockchain ecosystem.
This collaboration will support builders and explore new applications of blockchain technology using Sui’s protocol.
Franklin Templeton Digital Assets, a subsidiary of Franklin Templeton, has been engaged in blockchain research and development since 2018. The division focuses on blockchain infrastructure, investment strategies, and the analysis of digital assets. Its approach combines data-driven research and industry engagement to inform its activities.
Projects within the Sui ecosystem highlighted by Franklin Templeton include:
- Deepbook, a decentralized platform described as a blockchain-based central limit order book for facilitating trades.
- Karrier One, a decentralized mobile carrier network supporting blockchain applications.
- Ika, a multi-party computation (MPC) network enabling secure interactions across blockchain networks.
The partnership builds on broader institutional interest in Sui. Earlier this year, Grayscale introduced the Grayscale SUI Trust, and stablecoins such as USDC and FDUSD launched on the network.
Since its mainnet launch in May 2023, the Sui network has reported notable growth in decentralized finance (DeFi). Metrics include a 675% increase in Total Value Locked (TVL) and a 956% rise in DeFi transaction volume. These trends point to increasing adoption of blockchain solutions for financial applications.
The collaboration between Sui and Franklin Templeton reflects a continued interest from global investment firms in blockchain technology and its potential use cases.
