Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors

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.