Franklin Templeton has partnered with Sui to explore new blockchain technologies and support developers within the Sui ecosystem. This collaboration, announced on November 22, focuses on leveraging the Sui blockchain protocol to deploy novel technologies and bolster the network's growth. Franklin Templeton has been actively expanding its tokenized securities into various blockchain networks, including Ethereum layer-2s like Arbitrum and Base. Sui, recognized for its rapid smart contract deployment capabilities, is often compared to Solana due to its emphasis on low-latency applications. The partnership aims to tap into the growing tokenized real-world assets market, which has garnered a total value locked of over $12 billion and represents a $30 trillion market opportunity. Franklin Templeton’s existing tokenized products, such as the Franklin OnChain US Government Money Fund, have attracted significant assets under management, demonstrating the firm’s commitment to integrating blockchain technology into traditional finance.

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