Franklin Templeton has completed its acquisition of crypto investment firm 250 Digital and launched a new division called Franklin Crypto. The $1.7 trillion asset manager said Franklin Crypto will provide institutional investors with actively managed cryptocurrency strategies, will bring the former 250 Digital investment team and their liquid strategies into Franklin Templeton’s global distribution platform, and will include an investment of Franklin Templeton’s own capital into those liquid strategies under the closing agreement. Financial terms of the transaction were not disclosed.
Franklin Templeton has completed the acquisition of crypto investment firm 250 Digital; the financial terms of the transaction were not disclosed. The deal enables Franklin Templeton to establish a dedicated active crypto investment management arm named Franklin Crypto. The arrangement brings together 250 Digital’s investment capabilities with Franklin Templeton’s global distribution network. Franklin Crypto will offer institutional investors actively managed cryptocurrency strategies. The newly formed unit absorbs the entire 250 Digital investment team along with the liquid cryptocurrency strategies they previously ran under CoinFund. As part of the closing agreement, Franklin Templeton will commit its own capital to invest in those liquid strategies.
Franklin Templeton is a $1.7 trillion asset manager. The acquisition and the launch of Franklin Crypto were first announced in April. The parties did not disclose the financial terms of the transaction.
The new Franklin Crypto division absorbs the entire 250 Digital investment team and all liquid cryptocurrency strategies they previously managed under CoinFund. Those personnel and strategies have been transferred intact into Franklin Crypto and are organized together as a single investment unit. The reorganization consolidates 250 Digital’s investment staff with the liquid crypto strategies they ran under CoinFund within the Franklin Crypto structure. The unit is presented as the centralized home for the absorbed team and their existing liquid strategies.
Christopher Perkins and Seth Ginns will co-lead Franklin Crypto, with Perkins serving as Head of Franklin Crypto and Ginns as Chief Investment Officer. The stated leadership appointments place Perkins and Ginns at the head of the new unit’s management team. The acquisition and the establishment of the Franklin Crypto division were first announced in April.
Franklin Templeton’s acquisition of 250 Digital and the creation of the Franklin Crypto division bring the acquired investment team and their existing liquid cryptocurrency strategies into the asset manager’s organization, consolidating those capabilities within a single crypto-focused unit that is integrated into its global distribution framework. The new division will concentrate on providing institutional investors with actively managed cryptocurrency strategies delivered through that integrated platform.
