Grand Cayman, Cayman Islands, November 22nd, 2024,
Chainwire
Sui drives blockchain innovation with support from global
leader in asset management
The Sui Foundation, the independent organization dedicated to
the advancement and adoption of Sui, the innovative Layer 1
and smart contract platform, today announced a strategic
partnership with Franklin Templeton Digital Assets. Franklin
Templeton Digital Assets has been investing in the Sui ecosystem,
and believes this strategic partnership will provide further
benefit toward that effort by seeking value creation opportunities
to allow builders of Sui blockchain-based solutions to deploy novel
technologies leveraging the Sui blockchain protocol.
“Sui was originally inspired by some of the challenges
Franklin Templeton Digital Assets is helping to solve, particularly
those that exist within decentralized finance today,” said Jameel
Khalfan, Head of Ecosystem Development. “Their interest in Sui’s
groundbreaking technology feels not only validating, but as though
Sui has come full circle.”
Franklin Templeton Digital Assets has been engaged for the past
few years in building blockchain-based technology solutions,
running node validators, and developing a wide range of investment
strategies. The firm’s dedicated digital assets research team
leverages fundamental “tokenomic” analysis, insights from an
embedded data science team and deep industry connections to help
inform product development and investment decisions.
“For the past decade, blockchain technology has
captured public attention from technologists and economists alike,
but often runs up against technical limitations. We are excited for
what the Sui team is building,” said Tony Pecore, SVP / Director of
Digital Asset Management at Franklin Templeton.
Examples of impressive projects being built in the Sui ecosystem
include DeepBook on Sui, called DeFi’s answer to a central
limit order book, or what exchanges use to facilitate buying
and selling between traders by recording bids and offers, as well
as Karrier One, the decentralized mobile carrier behind the Karrier
One DePin network, and Ika, a parallel MPC network that enables
seamless and secure cross-chain interactions.
As a secure and scalable platform for building the future of
intelligent assets, Sui has already become a premier destination
for application builders in gaming, DeFi, memecoins, as well as
real-world applications such as 3D printing and tokenized
securities. Most recently, native USDC launched on Sui, enabling
users to have direct access to one of the most widely used
stablecoins globally while removing the added complexities and
risks caused by bridged assets.
Contact
Sui
Foundation
media@sui.io