According to ME News, on June 22 (UTC+8), Franklin Templeton announced the completion of its acquisition of the crypto investment management firm 250 Digital, including 250 Digital’s investment team and all liquidity crypto strategies previously operated by CoinFund, with Franklin Templeton injecting capital into these strategies. With the transaction finalized, Franklin Templeton has officially established its dedicated crypto asset management division, Franklin Crypto, led by Christopher Perkins, co-founder of 250 Digital, with Seth Ginns as Chief Investment Officer and Tony Pecore from Franklin Templeton’s digital assets team jointly managing operations, reporting to Sandy Kaul, Head of Innovation at the company. Franklin Crypto will offer actively managed crypto strategies to institutional investors. (Source: Foresight News)
Franklin Templeton Completes Acquisition of 250 Digital, Launches Franklin Crypto Division
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Summary
Franklin Templeton has completed its acquisition of 250 Digital, a crypto asset manager whose investment strategies were previously operated by CoinFund. The firm has launched Franklin Crypto, a new division led by 250 Digital co-founder Christopher Perkins, alongside Seth Ginns as CIO and Tony Pecore. The division will offer actively managed digital asset strategies to institutional investors. Digital collectibles remain a key focus as the team integrates liquidity and investment expertise into the new structure.
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