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Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the layer-1 network, Sui said on Nov. 22.
The partnership will prioritize “supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain protocol,” Sui <a data-ct-non-breakable="null" href="https://blog.sui.io/franklin-templeton-digital-assets-strategic-partnership/" rel="nofollow noopener" target="_blank" text="null" title="https://blog.sui.io/franklin-templeton-digital-assets-strategic-partnership/">said</a>.
While the announcement did not detail specific plans for the partnership, Franklin Templeton’s emerging role in the blockchain space is significant. 
As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/franklin-templeton-onchain-money-fund-live-aptos-blockchain" rel="" target="_self" text="null" title="https://cointelegraph.com/news/franklin-templeton-onchain-money-fund-live-aptos-blockchain">Cointelegraph recently reported</a>, Franklin Templeton launched its flagship tokenized money market fund, Franklin OnChain US Government Money Fund (FOBXX), on the Aptos network. Less than a month later, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/franklin-templeton-launches-tokenized-money-fund-base" rel="" target="_self" text="null" title="https://cointelegraph.com/news/franklin-templeton-launches-tokenized-money-fund-base">it launched FOBXX</a> on Coinbase’s layer-2 network, Base.
Cointelegraph reached out to Sui for more details on its partnership with Franklin Templeton but did not receive an immediate response. 
Sui is a decentralized layer-1 blockchain designed for rapid smart contract deployment. It is often dubbed a Solana killer because of its focus on low-latency applications. 
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 RWA value by segment. Source: <a data-ct-non-breakable="null" href="https://app.rwa.xyz/" rel="nofollow noopener" target="_blank" text="null" title="https://app.rwa.xyz/">RWA.xyz</a>
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/franklin-templeton-launches-tokenized-money-fund-base" rel="" target="_self" text="null" title="https://cointelegraph.com/news/franklin-templeton-launches-tokenized-money-fund-base">Franklin Templeton launches tokenized money fund on Base</a>
In 2024, asset manager Grayscale launched Grayscale SUI Trust, an investment fund focused on Sui’s native SUI (<a data-ct-non-breakable="null" href="https://cointelegraph.com/sui-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/sui-price-index">SUI</a>) token. Multiple stablecoins, including USD Coin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/usdc-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/usdc-price-index">USDC</a>), also launched on Sui.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-four-years-grow-cant-be-shut-down-kain-warwick-infinex/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/crypto-four-years-grow-cant-be-shut-down-kain-warwick-infinex/">Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex</a>

Sui, Franklin Templeton launch ecosystem partnership

Cointelegraph

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