Franklin Templeton launches crypto division with 250 Digital acquisition
CoinDesk
Franklin Templeton is launching a dedicated crypto division, Franklin Crypto, following its planned acquisition of investment firm 250 Digital.Summary
Asset management giant Franklin Templeton is establishing a new division, Franklin Crypto, to expand its digital asset offerings beyond ETFs. The unit will be anchored by the acquisition of 250 Digital, integrating its team and liquid crypto strategies to serve institutional investors. Led by Christopher Perkins, Seth Ginns, and Tony Pecore, the division aims to meet growing institutional demand for active digital asset management. Notably, the transaction includes a payment component using BENJI tokens, highlighting the firm's commitment to blockchain-based financial infrastructure.
(Source：CoinDesk)