Sui in strategic partnership with Franklin Templeton
Sui and Franklin Templeton Digital Assets have teamed up to develop blockchain-based technologies and fortify Sui’s ecosystem. According to a Sui post, the collaboration will help developers in the Sui ecosystem while utilizing Franklin Templeton’s knowledge of blockchain, digital assets, and investment strategies.
Franklin Templeton Digital Assets has been developing different investment strategies, operating node validators, and creating blockchain-based technological solutions. “Blockchain technology has drawn interest from technologists and economists over a decade, but it frequently encounters technical obstacles. Tony Pecore, SVP and Director of Digital Asset Management at Franklin Templeton expressed excitement about the work being done by the Sui team.
Its research team uses tokenomics analysis, which assesses the supply and demand of blockchain-based tokens to help direct project development and investment,. The asset management company VanEck declared that its SUI exchange-traded note would be listed on Euronext Amsterdam and Paris.
Details of Sui’s partnership According to the release, the partnership is focused on promising Sui projects such as Ika, a tool for safe cross-chain interactions; Karrier One, which powers a decentralized mobile network; and DeepBook, a decentralized order book for DeFi trading.
These initiatives show how blockchain technology can be used in industries, including telecommunications and finance. This action fits with a larger pattern of big banks investigating blockchain technology. The massive asset management company Grayscale established a trust, especially for SUI earlier this year.
Sui is a premier destination for application builders in gaming, DeFi, meme coins, and real-world applications such as 3D printing and tokenized securities. One of the most popular stablecoins in the world is now directly accessible to users with the most recent native USDC launch on Sui, which eliminates the risks and complications associated with bridged assets.
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