Franklin Templeton Launches Franklin Crypto After Completing 250 Digital Acquisition

Global asset manager Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, marking a significant step in the firm’s growing digital asset strategy. The deal, first announced in April, has led to the creation of a new division called Franklin Crypto, which will focus on actively managed cryptocurrency investment products for institutional clients.

The newly formed unit brings together Franklin Templeton’s existing digital asset capabilities with the investment expertise of the former 250 Digital team. Former 250 Digital executives Christopher Perkins and Seth Ginns will lead the division alongside Franklin Templeton digital assets executive Tony Pecore.

New Division Targets Institutional Crypto Demand

Franklin Templeton said Franklin Crypto will provide institutional investors with professionally managed cryptocurrency strategies backed by the firm’s global distribution platform. Financial details of the acquisition were not disclosed.

The move follows CoinFund’s earlier decision to separate its liquid strategies business into 250 Digital while concentrating on venture capital investments within the crypto sector.

Tokenized Assets Drive Digital Growth

The acquisition comes as Franklin Templeton continues expanding its presence in blockchain-based financial products. Earlier this year, the company partnered with Binance to allow tokenized money market fund shares to be used as collateral for crypto trading. It also teamed up with Ondo Finance to bring tokenized exchange-traded funds to blockchain networks.

The firm’s tokenized asset portfolio has grown rapidly, increasing from approximately $768 million in June 2025 to more than $2.5 billion today. During the same period, the broader tokenized real-world asset market expanded from roughly $11.8 billion to $32.2 billion, highlighting rising institutional interest in blockchain-powered financial products.

With approximately $1.78 trillion in assets under management and operations across more than 35 countries, Franklin Templeton is positioning itself as a major player in both traditional finance and digital assets.