Franklin Templeton launches Franklin Crypto after closing 250 Digital acquisition

Franklin Crypto, the newly established digital asset division of Franklin Templeton, has launched following the completion of the firm’s acquisition of 250 Digital, an active crypto investment management firm led by industry veterans Christopher Perkins and Seth Ginns.

250 Digital was established in January after being spun out of CoinFund. The acquisition was first announced in April.

The deal brings in the full 250 Digital investment team and liquid crypto strategies previously managed by CoinFund, with Franklin Templeton also investing in those strategies as part of its digital asset expansion strategy. The firm said the transaction reflects its conviction in building a long-term institutional infrastructure for digital assets.

Franklin Crypto will be led by Perkins as Head of the division, with Ginns serving as Chief Investment Officer alongside Franklin Templeton Digital Assets veteran Tony Pecore.

The new division will offer actively managed crypto strategies for institutional investors, integrating the acquired investment capabilities with Franklin’s global distribution network and existing digital asset research and risk framework.