Franklin Templeton Completes 250 Digital Acquisition, Launches Franklin Crypto Division

According to ChainCatcher, Franklin Templeton completed its acquisition of 250 Digital today, establishing a new division called Franklin Crypto to serve institutional investors with active crypto strategies. The $1.7 trillion asset manager has not disclosed financial terms of the deal. The new unit combines 250 Digital's investment capabilities with Franklin Templeton's global distribution network and will absorb the entire 250 Digital investment team and crypto liquidity strategies previously operated under CoinFund. Christopher Perkins and Seth Ginns will co-lead the division.
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