The Sui Foundation, an independent organization dedicated to the development and implementation of the first-layer Sui blockchain, has announced a strategic partnership with Franklin Templeton Digital Assets.
Franklin Templeton Digital Assets has previously invested in the Sui ecosystem, and this new partnership will bring additional value by identifying value creation opportunities that will enable Sui developers to adopt new technologies, the Sui Foundation said.
Over the past few years, Franklin Templeton Digital Assets has been building blockchain-based technology solutions, launching validators, and developing investment strategies.
Over the past decade, blockchain technology has attracted public attention from both technologists and economists, but often faces technical limitations. We are looking forward to what the Sui team is building, said SVP and Director of Digital Asset Management at Franklin Templeton Tony Pecor.
He also noted that the goal of the partnership will be to use the Sui blockchain for revolutionary solutions.
This isn’t the first time Sui has attracted the attention of major companies. In early November, investment firm VanEck launched an exchange-traded fund based on SUI, and Grayscale Investments has an investment product called the Grayscale SUI Trust.
