Franklin Templeton launches Franklin Crypto after 250 Digital buy

Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital and launched a new division called Franklin Crypto. The acquisition, first announced in April, brings 250 Digital’s investment team and its cryptocurrency strategies into Franklin Templeton’s digital offerings. Financial terms of the transaction were not disclosed.

Leadership of Franklin Crypto combines former 250 Digital executives Christopher Perkins and Seth Ginns with Franklin Templeton digital assets executive Tony Pecore. The unit will provide institutional investors with actively managed cryptocurrency strategies that pair the acquired team’s investment capabilities with Franklin Templeton’s global distribution network. The firm’s existing digital asset operations include a group focused on digital asset research, portfolio construction and institutional risk management.

The acquisition follows an earlier reorganization in which CoinFund separated its liquid strategies business into 250 Digital as it concentrated on venture investing. Franklin Templeton stated the deal brings experienced crypto investment personnel into its broader asset-management platform.

Franklin Templeton manages about $1.78 trillion in assets and operates in more than 35 countries. The firm has been expanding activities in tokenization and other digital products. In February, Franklin Templeton announced a partnership framework with Binance that allows institutional clients to use tokenized money market fund shares as collateral for cryptocurrency trading while keeping the tokenized shares in regulated custody. In March, the firm announced a partnership with Ondo Finance to offer tokenized exchange-traded funds on blockchain networks. This month, Franklin Templeton proposed two ETFs designed to reinvest stock dividends into Bitcoin-linked investments.

Onchain data show Franklin Templeton’s tokenized assets rose from about $768 million in June 2025 to more than $2.5 billion today. The broader market for tokenized real-world assets increased from roughly $11.8 billion to $32.2 billion over the past year.

Franklin Templeton said Franklin Crypto will use the firm’s compliance, custody and distribution infrastructure to serve institutional investors seeking active exposure to cryptocurrencies. The company did not provide product launch dates or list the specific strategies that will be offered under the new division.