Asset supervisor Franklin Templeton has partnered with Sui to develop new blockchain applied sciences and use instances on the layer-1 community, Sui stated on Nov. 22.
The partnership will prioritize “supporting Sui ecosystem builders and deploying novel applied sciences leveraging the Sui blockchain protocol,” Sui said.
Whereas the announcement didn’t element particular plans for the partnership, Franklin Templeton’s rising function within the blockchain house is critical.
As Cointelegraph recently reported, Franklin Templeton launched its flagship tokenized cash market fund, Franklin OnChain US Authorities Cash Fund (FOBXX), on the Aptos community. Lower than a month later, it launched FOBXX on Coinbase’s layer-2 community, Base.
Cointelegraph reached out to Sui for extra particulars on its partnership with Franklin Templeton however didn’t obtain a direct response.
Sui is a decentralized layer-1 blockchain designed for fast sensible contract deployment. It’s usually dubbed a Solana killer due to its concentrate on low-latency functions.
RWA worth by section. Supply: RWA.xyz
Associated: Franklin Templeton launches tokenized money fund on Base
In 2024, asset supervisor Grayscale launched Grayscale SUI Belief, an funding fund centered on Sui’s native SUI (SUI) token. A number of stablecoins, together with USD Coin (USDC), additionally launched on Sui.
Journal: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex
