Franklin Templeton acquires CoinFund unit to grow crypto offerings
Crypto Briefing
Franklin Templeton is acquiring 250 Digital, a CoinFund spinoff, to expand its institutional cryptocurrency investment strategies and digital asset capabilities.Summary
Franklin Templeton has announced the acquisition of 250 Digital, a spinoff entity from CoinFund, as part of a strategic effort to bolster its cryptocurrency investment offerings. The unit will be led by CoinFund's Christopher Perkins and Seth Ginns. This move aims to provide institutional investors with specialized crypto strategies, further integrating digital assets into the firm's broader mutual fund business. The acquisition builds upon Franklin Templeton's existing 50-person digital-assets team, which has been active since 2018.
(Source：Crypto Briefing)