0
Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to grow its crypto investment offerings. The unit is led by former CoinFund executives Christopher Perkins and Seth Ginns.
Since entering crypto in 2018, Franklin Templeton has built a 50-person digital-assets team. The acquisition is intended to provide institutional investors with tailored crypto strategies while complementing the firm’s existing mutual fund business.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
