BlockBeats, June 23 – Global asset management giant Franklin Templeton announced the completion of its acquisition of 250Digital and the simultaneous launch of a new digital asset division, Franklin Crypto. The deal, first announced in April, involved the spinoff business from CoinFund. Following integration, Franklin Crypto will operate as an independent active management platform, targeting institutional investors including pension funds and sovereign wealth funds.
Franklin Templeton currently manages approximately $1.78 trillion in assets. This strategic move, through acquisition and the establishment of a dedicated digital asset unit, marks a significant step in incorporating digital assets into traditional institutional investment portfolios, reinforcing its expansion in active crypto management.