Franklin Templeton has announced the formation of a dedicated cryptocurrency division, “Franklin Crypto,” and plans to acquire the crypto investment firm 250 Digital. The new division will integrate 250 Digital’s liquid crypto strategies, led by former CoinFund executives and Franklin Templeton’s digital assets team, with a focus on delivering active crypto investment solutions for institutional clients. A portion of the acquisition consideration will be paid using BENJI tokens, which are pegged to Franklin Templeton’s on-chain U.S. government money market fund. The transaction is expected to close in the second quarter of 2026.
Franklin Templeton Launches Crypto Division and Acquires 250 Digital
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Summary
Franklin Templeton has launched a new crypto division, Franklin Crypto, and is set to acquire 250 Digital, a firm specializing in digital asset news. The division will integrate 250 Digital’s liquidity strategies with Franklin Templeton’s digital asset team and former CoinFund executives. Part of the transaction will be settled in BENJI tokens linked to a U.S. government money market fund. The acquisition is scheduled for completion in Q2 2026.
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