Franklin Templeton establishes cryptocurrency division with acquisition of 250 Digital
- Franklin Templeton is launching a new unit called Franklin Crypto, following the acquisition of crypto investment firm 250 Digital.
- The firm currently manages approximately $1.8 billion in digital assets.
- Christopher Perkins, a former executive at CoinFund, will lead the new division.
- Part of the acquisition consideration will involve payment using BENJI tokens linked to an on-chain U.S. Government Money Fund.
- The transaction is expected to close in the second quarter of 2026, pending approvals.
This move highlights a growing trend among large asset managers transitioning from passive strategies like exchange-traded funds to more active management of digital assets as institutional interest rises.
With this initiative, Franklin Templeton aims to enhance its offerings in the cryptocurrency space, further solidifying its position in managing $1.8 billion in digital assets.(Source)
