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According to a Sui article, the collaboration will benefit developers in the Sui 0.34 percent Sui ecosystem by utilizing Franklin Templeton's knowledge of blockchain, digital assets, and investment methods. Since 2018, Franklin Templeton Digital Assets has operated validators, carried out research, and developed investment plans in the blockchain space.
To help direct project development and investment, its research team uses tokenomics analysis, which assesses the supply and demand of blockchain-based tokens. The asset management company VanEck said at the beginning of November that its SUI exchange-traded note will be listed on Euronext Amsterdam and Paris.
According to the statement, the alliance focuses on potential Sui projects including Ika, a platform for safe cross-chain communications; Karrier One, which drives a decentralized mobile network; and -0.59% DeepBook, a decentralized order book for DeFi trading.
These initiatives show how blockchain technology may be used in a variety of industries, including telecommunications and banking. This action fits with a larger pattern of big banks investigating blockchain technology. The massive asset management company Grayscale established a trust, especially for SUI earlier this year. Additionally, the Sui network now includes well-known stablecoins like -0.05% USDC.
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Brenda has been a news writer since 2019 with a deep background in crypto. Brenda commits to producing excellent, well-optimized content to ensure consumer satisfaction.
