Franklin Templeton Acquires Crypto Firm for Institutional Push
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Franklin Templetons New Crypto Unit: A Strategic Acquisition
Franklin Templeton has made a significant move in the crypto space by acquiring 250 Digital, a spinoff from CoinFund, to launch their new Franklin Crypto unit. This acquisition brings in all liquid crypto strategies, the team, and BENJI tokens from CoinFunds tokenized money market fund.
The new unit, led by Christopher Perkins, will have Seth Ginns as chief investment officer and Tony Pecore, a digital assets veteran, as part of the team. Franklin Templeton, which has been managing $1.8 billion in digital assets since 2018, is also investing directly in these strategies to enhance their platform for institutional investors.
This acquisition comes during a challenging crypto winter, with Bitcoin down 45% from its peak of $126,000 in October 2025. However, Franklin Templetons head of innovation sees this as an opportunity to attract top talent and build robust infrastructure. The acquisition is expected to close in the second quarter of 2026, pending approvals, positioning Franklin Templeton to lead in institutional crypto as markets recover.
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