Key Points:
- Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.
- Franklin Templeton joins other major financial institutions, such as Grayscale, in supporting the Sui ecosystem.
The Sui Foundation has officially announced its strategic partnership with Franklin Templeton Digital Assets in pursuit of furthering the cause of DeFi solutions on the Sui blockchain.
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Sui Closes Deal with Franklin Templeton Digital Assets on Driving Innovation in DeFi
Franklin Templeton Digital Assets is going to contribute to building the ecosystem of Sui with developers and the implementation of bleeding-edge blockchain technology in this new strategic partnership.
Franklin Templeton is among the world’s leading asset managers, with vast experience in blockchain initiatives, from node validation to investment strategies. This deal would represent an extension of Sui’s technological abilities and a fill-up in the competitive DeFi landscape with Franklin Templeton Digital Assets.
Institutional Backing Fuels Growth in the Sui Ecosystem
The partnership presents new potential for Sui’s fast-rising influence in the DeFi market. At position eight by TVL, Sui has surged past its rival blockchains, including Avalanche, Polygon, and Aptos. Several stablecoins have already launched in the Sui ecosystem, including the likes of USDC, FDUSD and AUSD.
Franklin Templeton Digital Assets has been active in the digital asset space since 2018, extending a team focused on tokenomics research and leveraging data science in driving strategic decisions. In August, Grayscale introduced the Grayscale SUI Trust, which is proof of institutional interest in the Sui ecosystem.
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Source: https://coincu.com/293468-franklin-templeton-digital-assets-and-sui