Franklin Templeton Buys 250 Digital to Launch Franklin Crypto
Asset management giant Franklin Templeton is acquiring CoinFund spinoff 250 Digital to create a dedicated crypto arm.
Franklin Templeton is going deeper into crypto. The asset management heavyweight has agreed to acquire 250 Digital, a spinoff from crypto investment firm CoinFund.
The deal will create a new entity called Franklin Crypto. Its mission: build and offer crypto investment strategies specifically tailored for institutional investors.
This isn't Franklin Templeton dipping a toe in the water. It's a full-on cannonball. By snapping up an established crypto-native team rather than building from scratch, the firm is betting it can fast-track credibility with institutions that want crypto exposure but demand professional-grade infrastructure.
The move signals continued convergence between traditional finance and the digital asset world. Big money managers aren't just watching crypto from the sidelines anymore — they're acquiring their way into the space and packaging it for their biggest clients.