Franklin Templeton expands crypto investment operations with 250 Digital acquisition
Franklin Templeton is deepening its push into digital assets by completing its acquisition of crypto investment manager 250 Digital and launching a dedicated unit called Franklin Crypto. The new division is aimed at institutional investors and combines the acquired team's liquid cryptocurrency strategies with the asset manager's global distribution network.
Highlights
- Franklin Templeton has completed the acquisition of 250 Digital and launched Franklin Crypto as a dedicated active crypto investment division.
- Franklin Crypto will focus on actively managed cryptocurrency strategies for institutional clients and received a direct capital commitment from Franklin Templeton.
- The former 250 Digital team, led by Christopher Perkins and Seth Ginns, has joined Franklin Crypto as asset managers integrate liquid crypto strategies for institutional expansion.
Crypto expansion plan and division launch
As reported by CoinDesk, Franklin Templeton says in a statement that it has closed the acquisition of 250 Digital and established Franklin Crypto as a dedicated active crypto investment management arm.The San Mateo, California-based asset manager first announced the acquisition and the new division in April. It does not disclose the financial terms of the deal, but says the new unit will focus on actively managed cryptocurrency strategies for institutional clients.
Franklin Crypto combines the investment capabilities of the former 250 Digital team with Franklin Templeton's global distribution platform. The firm also says it will invest its own capital into these liquid strategies as part of the closing agreement.
The division absorbs the full 250 Digital investment team, along with the liquid cryptocurrency strategies they previously managed under CoinFund.
Institutional push and market implications
Christopher Perkins and Seth Ginns, both veterans of the crypto industry, co-lead the new division. Perkins serves as head of Franklin Crypto and chief investment officer.The move adds to Franklin Templeton's broader expansion in digital assets as large asset managers seek a stronger position in crypto products for institutional investors. By creating a standalone crypto unit through acquisition, the firm is signaling a longer-term commitment to building managed digital-asset offerings within mainstream investment channels.
Our earlier article covered Meta’s $900 million investment in Indian fintech startup Cred, a deal that values the company at about $4.5 billion while keeping Meta as a minority investor without access to customer data. It also highlighted the leadership shift tied to the funding round, with Cred founder Kunal Shah stepping down to lead WhatsApp in India as Meta pushes deeper into payments and commerce.
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