US EditionFranklin Templeton launches crypto division with 250 Digital acquisition
- Franklin Templeton announced the creation of Franklin Crypto, a new division anchored by the acquisition of 250 Digital to offer institutional investors specialized, actively managed cryptocurrency investment strategies.
- Large asset managers are shifting from passive products toward in-house capabilities to meet growing institutional demand for structured crypto exposure and sophisticated active strategies.
- CEO Jenny Johnson said the deal is 'an exciting addition for Franklin Templeton,' while former CoinFund executive Christopher Perkins will lead the division; the firm manages $1.8 billion in global assets.
- Expected to close in the second quarter, the transaction will be partially paid using BENJI tokens, marking an experimental step toward conducting mergers and acquisitions using tokenized assets on blockchain rails.
- While Bitcoin's price is down 41% over the past six months, institutional interest persists as BlackRock and Morgan Stanley expand crypto offerings; crypto specialty manager CoinShares began trading on Nasdaq Wednesday.
18 Articles
18 Articles
Franklin Templeton Set To Acquire CoinFund Spinoff For Crypto Expansion
Franklin Templeton said today it plans to acquire 250 Digital, a crypto investment firm formed of CoinFund, to expand its digital asset platform. The deal brings Christopher Perkins and Seth Ginns into the firm to lead a new institutional crypto unit. The transaction is expected to close in the second quarter of 2026, pending approvals The post Franklin Templeton Set To Acquire CoinFund Spinoff For Crypto Expansion appeared first on CoinGape.
Franklin Templeton Launches Crypto Unit Via 250 Digital Deal
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News The traditional wall between legacy finance and digital assets just became significantly thinner. Franklin Templeton, a firm with nearly $1.5 trillion in assets under management, has officially launched a dedicated crypto division following its successful acquisition of 250 Digital. The move marks a transition from …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
