Franklin Templeton completes the acquisition of 250 Digital, establishing an active digital asset management division, Franklin Crypto

Franklin Templeton announced that it has completed the acquisition of the cryptocurrency asset management company 250 Digital. The deal includes its entire team and all liquidity cryptocurrency strategies previously managed by CoinFund. Franklin Templeton will also invest in related products.

The company has simultaneously established a dedicated active digital asset management department, Franklin Crypto, led by Christopher Perkins as the head, with Seth Ginns serving as the Chief Investment Officer, and jointly led with Tony Pecore, a member of the Franklin Templeton Digital Assets investment team. Franklin Crypto will provide actively managed cryptocurrency investment strategies to institutional investors based on Franklin Templeton's existing digital asset research and risk management framework.