In a significant move to deepen its presence in digital assets, Franklin Resources, Inc. BEN, has announced plans to acquire 250 Digital, an active cryptocurrency investment management firm spun out of CoinFund. The acquisition includes 250 Digital’s investment team and its liquid cryptocurrency strategies, marking a strategic step toward expanding the company’s digital asset platform.

Additionally, Franklin Resources is launching a new dedicated unit, Franklin Crypto, to scale its institutional digital asset capabilities. Following the closure of the deal, the new unit will integrate crypto-native investment expertise with its global distribution network to target institutional investors across the rapidly expanding digital asset…