Franklin Templeton Expands into Active Crypto with 250 Digital Acquisition

Franklin Templeton has completed its acquisition of 250 Digital on June 22, 2026. The deal created Franklin Crypto, a new active digital asset management division for institutional investors.

The acquisition added 250 Digital's investment team and liquid crypto strategies to Franklin Templeton. Those strategies previously sat under CoinFund before the business spun out earlier this year.

Franklin Crypto will be led by Christopher Perkins, with Seth Ginns as chief investment officer and Tony Pecore joining the leadership structure. The new unit reports to Sandy Kaul, Franklin Templeton's head of innovation.