ME News reports that on April 1 (UTC+8), Franklin Templeton disclosed its acquisition of 250 Capital, a spin-off company from CoinFund, to accelerate its presence in the digital assets space. Following the completion of the acquisition, Franklin Templeton plans to launch a dedicated crypto division targeting pension funds and sovereign wealth funds, named “Franklin Crypto.” (Source: ODAILY)
Franklin Templeton to Launch Crypto Division Targeting Pension and Sovereign Wealth Funds
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Summary
Franklin Templeton is launching a new crypto division called Franklin Crypto, targeting pension and sovereign wealth funds. The firm acquired 250 Capital, a spinoff from CoinFund, to strengthen its presence in digital asset news. The division aims to expand into token launch news and institutional crypto opportunities.
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