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 said.
While the announcement did not detail specific plans for the partnership, Franklin Templeton’s emerging role in the blockchain space is significant.
As Cointelegraph recently reported, 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, it launched FOBXX 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.
RWA value by segment. Source: RWA.xyz
Related: Franklin Templeton launches tokenized money fund on Base
In 2024, asset manager Grayscale launched Grayscale SUI Trust, an investment fund focused on Sui’s native SUI (SUI) token. Multiple stablecoins, including USD Coin (USDC), also launched on Sui.
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