Rebecca Moen
November 22, 2024 15:47
Amid growing interest from global investment firms, Sui is collaborating with Franklin Templeton Digital Assets to strengthen the blockchain ecosystem and highlight projects such as Deepbook and Karrier One.
Sui announced a strategic partnership with Franklin Templeton Digital Assets, aimed at supporting Sui ecosystem builders and advancing new technologies through the Sui blockchain protocol. According to the Sui Foundation, this collaboration is an important step in Sui’s efforts to expand its presence in the blockchain industry.
Franklin Templeton’s Blockchain Efforts
Since 2018, Franklin Templeton Digital Assets has been at the forefront of blockchain-based technology solutions, including running node validators and developing various investment strategies. Our dedicated digital asset research team leverages fundamental token analysis and insights from our embedded data science team to shape product development and investment decisions.
Key projects in the Sui ecosystem
Franklin Templeton has expressed interest in several projects within the Sui ecosystem. Notable mentions include Deepbook, a decentralized finance (DeFi) platform that is likened to a central limit order book used by exchanges to facilitate trading, and Karrier One, a decentralized mobile carrier. Additionally, Ika, a parallel MPC network, enables seamless cross-chain interactions.
Growing interest in Sui
Our collaboration with Franklin Templeton reflects a broader trend of increasing interest from global investment firms in Sui. Earlier this year, Grayscale launched the Grayscale SUI Trust, making several stablecoins available on the Sui network, including USDC, FDUSD, and AUSD.
Sui’s rapid growth in the DeFi space
Since the launch of the Sui mainnet in May 2023, the network has witnessed significant growth in the DeFi sector. Over the past year, total value locked (TVL) has grown by 675% and DeFi trading volume has grown by 956%. Sui’s DeFi project leverages the benefits of massive parallelism to ensure minimal transaction latency, faster processing times, and consistently low gas fees.
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