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Franklin 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.
17 Articles
17 Articles
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 …
Franklin Templeton Acquires 250 Digital to Launch a Dedicated Crypto Division
Key Takeaways Franklin Templeton is acquiring 250 Digital, a crypto investment firm, to launch a dedicated division called Franklin Crypto. Part of the deal will be paid using BENJI tokens – shares in Franklin Templeton’s own on-chain money market fund. Institutional-grade crypto infrastructure is no longer optional – it’s the next battleground for asset managers. According to the press release shared with BusinessWire, the deal, expected to cl…
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