The acquisition adds cryptocurrency investment capabilities to Franklin Templeton and leads to the launch of a dedicated digital asset management division.
Franklin Templeton has completed its acquisition of 250 Digital, a cryptocurrency investment management firm led by industry veterans Christopher Perkins and Seth Ginns. The acquired division will report to Sandy Kaul, head of innovation at Franklin Templeton The transaction includes the 250 Digital investment team and all liquid cryptocurrency strategies previously managed by CoinFund. Franklin Templeton said it will also invest in these strategies as part of the agreement. Following the