Franklin Templeton Expands Crypto Arm With CoinFund Deal
Cointelegraph
Franklin Templeton is acquiring 250 Digital, a CoinFund spinoff, to bolster its institutional crypto investment platform and digital asset business.Summary
Global asset manager Franklin Templeton has announced plans to acquire 250 Digital, a spinoff of the crypto-native firm CoinFund. This acquisition will integrate 250 Digital’s liquid cryptocurrency strategies and investment team into a new unit called Franklin Crypto. The deal, expected to close in the second quarter of 2026, aims to broaden Franklin Templeton’s institutional crypto offerings. The new unit will be led by Christopher Perkins, with Seth Ginns serving as chief investment officer alongside Tony Pecore. Franklin Templeton, which currently manages approximately $1.8 billion in digital assets, views the current market downturn as a strategic opportunity to build long-term infrastructure and attract talent.
(Source：Cointelegraph)