Key facts
- Franklin Templeton acquired crypto asset manager 250 Digital.
- Franklin Templeton launched a new institutional crypto division named Franklin Crypto.
- Franklin Crypto will offer actively managed cryptocurrency strategies to institutional investors.
- Qastle Wallet responded to criticism regarding its security.
- Qastle Wallet addressed quantum risk and post-quantum cryptography concerns.
- Qastle Wallet emphasized its commitment to true entropy.
- Qastle Wallet highlighted advanced security measures for future wallet technology.
Franklin Templeton has significantly expanded its digital asset business through the acquisition of crypto asset manager 250 Digital. This strategic move establishes a new division within Franklin Templeton, named Franklin Crypto, which will focus on cryptocurrency investing. The new unit is poised to offer actively managed cryptocurrency strategies specifically tailored for institutional investors. This acquisition marks a substantial step for Franklin Templeton in deepening its engagement with the digital asset and cryptocurrency markets.
In a separate development within the digital asset space, Qastle Wallet has issued a response to recent criticisms concerning its security protocols. The company specifically addressed concerns raised about quantum risk and the implementation of post-quantum cryptography within its systems. Qastle Wallet has reaffirmed its commitment to employing true entropy and advanced security measures, asserting that these are foundational to its future wallet technology and its ongoing efforts to safeguard user assets against emerging threats.