Franklin Templeton Completes 250 Digital Acquisition, Launches Crypto Unit for Institutions
Franklin Templeton completed its acquisition of 250 Digital, a crypto investment firm, and launched Franklin Crypto, a dedicated division focused on actively managed digital asset strategies for institutional investors, including pensions and sovereign wealth funds.
The $1.78 trillion asset manager first agreed to buy 250 Digital, a CoinFund spinoff, in April.
From the sources (3 posts)
@theblockcoTHE BLOCK: Franklin Templeton has closed its acquisition of 250 Digital and launched Franklin Crypto, a new active digital asset arm targeting pensions and sovereign wealth funds. The $1.78T manager first agreed to the CoinFund-spinoff dea
@coindeskNEW: Franklin Templeton has completed its acquisition of crypto investment firm 250 Digital and officially launched Franklin Crypto, a dedicated division focused on actively managed digital asset strategies for institutional investors. http
@cointelegraph🚨 JUST IN: Franklin Templeton has acquired 250 Digital and launched Franklin Crypto, its new digital asset investment division.