Franklin Templeton has strengthened its involvement in the cryptocurrency sector through an acquisition. The global asset manager has agreed to purchase 250 Digital, a crypto-focused firm spun out from venture firm CoinFund. This move signifies a further integration between traditional finance and digital assets. Franklin Templeton has been building its crypto capabilities since 2018 and currently manages a spot Bitcoin ETF with over $427 million in assets.
Franklin Templeton is expanding its commitment to digital assets by acquiring a newly formed crypto-oriented spinoff. According to an exclusive report, the deal centers on 250 Digital, a firm that was spun out of CoinFund earlier this year.
The spinoff is led by veteran crypto investors Christopher Perkins and Seth Ginns. Further details on the acquisition have not yet been disclosed.
Franklin Templeton began exploring the crypto market in 2018. That experimental move has evolved into a structured approach with a dedicated digital asset team.
The firm’s digital asset arm now comprises more than 50 specialists. These professionals focus on blockchain technologies, tokenized assets, and crypto strategies.
The asset manager also launched a spot Bitcoin ETF, named EZBC. This fund currently boasts over $427 million in total assets under management.
The acquisition reflects a broader strategic shift among major legacy finance institutions. Many are seeking ways to integrate digital assets into their core offerings amid growing client demand.
