Acquisition Finalized, 250 Digital Team and CoinFund Strategies Integrated
Franklin Templeton, the global investment management firm, announced the completion of its acquisition of 250 Digital, a crypto-focused investment manager. The transaction encompasses the full investment team of 250 Digital as well as all liquid crypto strategies previously operated by venture capital firm CoinFund. Franklin Templeton will inject capital into these strategies, marking a significant expansion of its digital asset capabilities. The acquisition was first announced in April 2026 as part of Franklin Templeton's strategy to broaden its cryptocurrency investment business.
250 Digital is a specialized crypto asset management company whose team brings deep expertise in digital assets. By acquiring 250 Digital, Franklin Templeton gains immediate access to a seasoned crypto investment team and established strategies, laying a solid foundation for its new crypto division.
Franklin Crypto Launches as a Dedicated Institutional Unit
With the closing of the deal, Franklin Templeton has officially established a dedicated crypto asset management unit called Franklin Crypto. The division will be led by Christopher Perkins, co-founder of 250 Digital, as its head, with Seth Ginns serving as Chief Investment Officer. They will manage the unit jointly with Tony Pecore from Franklin Templeton's digital asset team, reporting to Sandy Kaul, head of innovation. Perkins and Ginns will continue the investment approach they developed at 250 Digital, offering actively managed crypto strategies tailored for institutional clients.
Franklin Crypto will focus on serving long-term institutional investors such as pension funds and sovereign wealth funds, providing actively managed investment solutions including the liquid crypto strategies acquired from CoinFund. This move represents a key step for a traditional asset management giant in the digital asset space, creating a professional channel for institutional capital to enter the crypto market. Leveraging its global asset management expertise and brand reputation, Franklin Templeton is well positioned to attract more traditional capital allocation to crypto assets.