Sui announces partnership with Franklin Templeton Digital Assets

Sui Foundation has announced a strategic partnership with Franklin Templeton Digital Assets, an asset management company worth $1.5 trillion. The main goal of this partnership is to support developers in the Sui ecosystem and implement new technologies based on Sui's blockchain protocol. Franklin Templeton Digital Assets, operating in the digital asset space since 2018, will leverage its expertise in building blockchain solutions, operating validator nodes, and developing investment strategies to support Sui. This partnership reflects the growing interest of traditional financial institutions in the cryptocurrency market and blockchain technology. Furthermore, Franklin Templeton is not the first company to invest in the Sui ecosystem; Grayscale also established Grayscale SUI Trust earlier this year.