Key facts
- Franklin Templeton acquired crypto asset manager 250 Digital.
- A new institutional crypto division, Franklin Crypto, has been launched.
- The new division will offer actively managed cryptocurrency strategies to institutional investors.
- Franklin Templeton's tokenized assets have grown from $768 million to over $2.5 billion in the past year.
- Franklin Templeton has expanded its digital asset offerings through partnerships with Binance and Ondo Finance.
Global asset manager Franklin Templeton has finalized its acquisition of crypto asset manager 250 Digital, establishing a new division named Franklin Crypto. This move significantly expands Franklin Templeton's digital asset business, integrating 250 Digital's team and cryptocurrency strategies. The new unit aims to provide institutional investors with actively managed cryptocurrency strategies, leveraging Franklin Templeton's distribution network. This acquisition follows CoinFund's earlier decision to spin out its liquid strategies business into 250 Digital. Franklin Templeton's existing digital asset operations include research, portfolio construction, and risk management, managing approximately $1.78 trillion in assets across more than 35 countries. The firm has also recently engaged in other digital asset initiatives, including a partnership with Binance for tokenized money market fund shares as collateral and a collaboration with Ondo Finance for tokenized ETFs. Franklin Templeton's tokenized assets have seen substantial growth, tripling over the past year to exceed $2.5 billion.