Franklin Templeton Completes Acquisition of 250 Digital to Launch Crypto Division

Franklin Templeton has completed its acquisition of 250 Digital, an active cryptocurrency investment management firm led by industry veterans Christopher Perkins and Seth Ginns. The transaction includes 250 Digital's entire investment team and all liquid cryptocurrency strategies previously managed by CoinFund.

The acquisition reflects Franklin Templeton's commitment to building infrastructure within the digital asset ecosystem and its conviction in the technologies that will shape the next generation of institutional investing.

With the completion of the deal, Franklin Templeton has formally established Franklin Crypto, its dedicated active digital asset management division. Perkins will serve as Head of Franklin Crypto, while Ginns will assume the role of Chief Investment Officer (CIO), working alongside Tony Pecore, a long-time digital asset investment specialist at Franklin Templeton.