Franklin Templeton launches crypto division with 250 Digital acquisition
Franklin Templeton is launching a dedicated cryptocurrency division, Franklin Crypto, with the acquisition of 250 Digital. The new unit will offer active, institutional-focused crypto investments and consolidate 250 Digital's liquid crypto strategies under one structure.
Franklin Templeton is launching a cryptocurrency division, Franklin Crypto, with the acquisition of 250 Digital. The new unit will offer active crypto investments to institutional investors. The acquisition is expected to close in the second quarter of 2026. Part of the payment will be made using BENJI tokens, linked to Franklin Templeton's on-chain U.S. Government Money Fund. The move expands Franklin Templeton's digital asset business, which currently manages $1.8 billion. The launch of Franklin Crypto reflects a trend among large asset managers to build in-house crypto capabilities.
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