Franklin Templeton launches Franklin Crypto after 250 Digital buy
Franklin Templeton closed its acquisition of 250 Digital on June 22, 2026 and launched Franklin Crypto, an active digital-asset division led by Christopher Perkins and Seth Ginns.
Franklin Templeton completed its acquisition of 250 Digital on June 22, 2026 and launched Franklin Crypto, a new division focused on actively managed cryptocurrency strategies for institutional investors.
Christopher Perkins will serve as head of Franklin Crypto and Seth Ginns as chief investment officer. Both executives join from the former Coinfund team. They will work with Tony Pecore from Franklin Templeton Digital Assets, and the division will report to Sandy Kaul, the firm’s head of innovation.
The transaction brings the full 250 Digital investment team into Franklin Templeton and transfers all liquid cryptocurrency strategies that had been run by Coinfund into the new unit. As part of the agreement, Franklin Templeton will make investments in those strategies.
Franklin Crypto will operate alongside an existing Franklin Templeton digital asset unit that handles fundamental research, active portfolio construction and institutional risk oversight. The new group is structured to provide professionally managed exposure to liquid digital assets for institutional clients.
Franklin Templeton reported $1.78 trillion in assets under management as of May 31, 2026 and operates in more than 35 countries. The firm’s global distribution network, custody arrangements and compliance infrastructure are available to support the new division.
The unit’s stated product focus is active management of liquid cryptocurrency strategies rather than passive index products. Franklin Templeton identified institutional risk controls and oversight as part of the division’s setup.
The acquisition transfers the 250 Digital investment team and live strategies into a regulated, large-scale investment manager and provides Franklin Templeton with immediate product capability in active crypto strategies.
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