Franklin Templeton Launches Crypto Unit Amid Market Slump
BeInCrypto
Franklin Templeton is establishing a dedicated crypto division by acquiring 250 Digital to expand its institutional digital asset offerings.Summary
Asset manager Franklin Templeton is launching a new cryptocurrency division, Franklin Crypto, following the acquisition of 250 Digital. Led by former CoinFund executives, the unit aims to provide actively managed digital asset products for pension and sovereign wealth funds. Notably, the acquisition involves a partial payment using BENJI tokens, marking a unique on-chain corporate transaction. Despite the current crypto market downturn, the firm views this period as a strategic opportunity to build infrastructure and consolidate talent.
(Source：BeInCrypto)