Key points of the news:
- Sui and Franklin Templeton have formed a strategic partnership to strengthen the blockchain ecosystem and support developers.
- Franklin Templeton, with experience in digital assets since 2018, will back projects like Deepbook, Karrier One, and Ika.
- The Sui ecosystem has shown impressive growth in DeFi, with a 675% increase in TVL and a 956% rise in transaction volume in the past year.
Sui, the Layer-1 blockchain, has announced a new strategic partnership with investment firm Franklin Templeton, one of the leading companies in the financial sector.
This collaboration aims to drive blockchain development and support the Sui ecosystem, with a particular focus on assisting its developers. Although the precise details of the alliance have not been revealed, it is expected that Franklin Templeton will offer support in areas such as decentralized finance (DeFi), tokenization, and emerging technologies.
Franklin Templeton Bets on Blockchain Development
Franklin Templeton is no newcomer to the world of digital assets. Since 2018, the firm has been exploring and actively participating in the development of blockchain-based solutions. Over the years, it has worked on investment strategies, node validation, and the creation of innovative financial products.
Its interest in blockchain technology is reflected in its support for the Sui ecosystem, where projects like Deepbook, a centralized order book for DeFi, Karrier One, a decentralized mobile network, and Ika, a parallel MPC network that enables secure interactions between blockchains, have emerged.
The Explosive Growth of SUI
Its ecosystem has experienced consistent growth in the DeFi sector, with a 675% increase in total value locked (TVL) and a 956% expansion in transaction volume over the past year. These numbers demonstrate the strength of the network, which has been designed to offer fast transactions, low gas fees, and massive parallelization capacity, minimizing latency and improving efficiency.
Franklin Templeton’s support for developers is a clear signal that major financial institutions are taking blockchain seriously. This trend is reflected in other investments, such as the creation of the Grayscale SUI Trust by Grayscale and the launch of several stablecoins on the network
