Franklin Templeton announced the completion of its acquisition of 250 Digital, a crypto investment management firm. The transaction includes 250 Digital's entire investment team and all liquidity crypto strategies previously operated by venture capital firm CoinFund. Franklin Templeton will inject capital into these strategies to further expand its footprint in the digital asset space.
Acquisition Details and Team Integration
With the closing of the deal, Franklin Templeton has officially established a dedicated crypto asset management division named Franklin Crypto. The division will be led by 250 Digital co-founder Christopher Perkins, with Seth Ginns serving as Chief Investment Officer. They will jointly manage the division alongside Tony Pecore of Franklin Templeton's digital asset team, reporting to Sandy Kaul, head of innovation at the firm. This organizational structure combines expertise from both sides to deliver actively managed crypto investment strategies to institutional investors.
Institutional Focus and Background
Franklin Crypto will focus on serving large institutional clients such as pension funds and sovereign wealth funds, capturing opportunities in the cryptocurrency market through active management. Foresight News previously reported that Franklin Templeton announced in April 2026 its plan to acquire 250 Digital, a spin-off from CoinFund, to expand its crypto investment business. The completion of this acquisition marks the formal implementation of that plan, positioning Franklin Crypto as a standalone unit to strengthen Franklin Templeton's competitiveness in digital asset management.