Franklin Templeton launches crypto division via acquisition

Franklin Templeton is establishing a new cryptocurrency division, Franklin Crypto, by acquiring 250 Digital. This strategic move aims to expand beyond traditional ETFs and cater to institutional investors seeking active digital asset strategies. The new unit will integrate 250 Digital's liquid crypto strategies, previously managed by CoinFund, under experienced leadership from both firms. This initiative signifies a broader industry trend of major asset managers building in-house crypto expertise to meet growing institutional demand for structured digital asset exposure.