Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to grow its crypto investment offerings, The Wall Street Journal reported Wednesday. Leadership of the unit includes Chris Perkins, former managing partner and president of CoinFund, alongside Seth Ginns, former managing partner and head of liquid investments.
Since entering crypto in 2018, Franklin Templeton has built a 50-person digital-assets team. The acquisition is intended to provide institutional investors with tailored crypto strategies while complementing the firm’s existing mutual fund business.
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