Franklin Templeton Acquires 250 Digital to Expand Crypto Investment Arm

Franklin Templeton has agreed to acquire 250 Digital, a spinoff of CoinFund, to establish Franklin Crypto, a dedicated unit for institutional crypto investment management. The move aims to strengthen the asset manager's presence in the digital asset space.

• Franklin Templeton acquires 250 Digital, a CoinFund spinoff, to establish Franklin Crypto for institutional crypto investment management.
• The new unit will be led by Christopher Perkins, with Seth Ginns as CIO and Tony Pecore as a digital assets veteran.
• The transaction includes BENJI tokens from the Franklin OnChain US Government Money Fund (FOBXX), a tokenized fund launched in 2021.
• Franklin Templeton’s digital asset arm manages $1.8 billion in assets and has been active in crypto since 2018.
• The acquisition is expected to close in Q2 2026, subject to agreements and client consents.
• Franklin Templeton sees the current market selloff as an opportunity to expand its crypto infrastructure.