Sui, a Layer-1 network, announced a new partnership with investment firm Franklin Templeton. This partnership includes capital investment in Sui and support for the firm’s blockchain development.

Despite a few vague details, the exact nature of the working relationship between the two companies remains unclear.

Sui Partners Franklin Templeton

Sui, the prominent Layer-1 blockchain, recently partnered with investment firm Franklin Templeton. This partnership will prioritize supporting a developer ecosystem rather than focusing directly on SUI development. The firm claimed Franklin Templeton has been supporting blockchain projects since 2018, and its CEO has espoused blockchain technology.

“Franklin Templeton Digital Assets has previously invested in the Sui ecosystem, and this new partnership will provide further benefit by seeking value creation opportunities to allow Sui builders to deploy novel technology onchain,” Sui claimed in a social media post.

As of yet, the firm has publicly revealed very few exact details about the partnership’s planned blockchain developments. Instead, the firm discussed several of its existing projects that attracted Franklin Templeton’s attention: its DeFi central limit order book, a decentralized mobile carrier, and an MPC network.

Still, this information does provide a few clues about the investment firm’s intentions. Earlier this year, Franklin Templeton explored DePin projects, considering them a possible lucrative development area. The firm has also been

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Author: Landon Manning