Key facts
- Franklin Templeton acquired 250 Digital in June.
- Payment for the acquisition included shares of Franklin's tokenized money market fund.
- Chris Perkins, head of Franklin Crypto, accepted the tokenized shares as payment.
- Perkins considered this acceptance a validation of his investment.
Franklin Templeton's acquisition of the cryptocurrency investment firm 250 Digital in June involved a unique payment method: shares of Franklin's tokenized money market fund, known as 'Benjis.' Chris Perkins, who now heads Franklin Crypto and previously served as CEO of 250 Digital, accepted this digital payment without hesitation. He viewed the transaction as a significant validation of his belief in and investment in the tokenized fund.