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Franklin Templeton snaps up 250 Digital to chase crypto boom

Franklin Templeton snaps up 250 Digital to chase crypto boom

Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, adding new cryptocurrency investment strategies to its platform as the firm manages $1.78 trillion in assets worldwide.

Summary

  • Franklin Templeton has completed its acquisition of 250 Digital and launched a new crypto-focused division called Franklin Crypto.
  • The asset manager continues expanding across crypto markets through Bitcoin-linked ETF filings and tokenized fund partnerships.
  • RWA.xyz data shows Franklin Templeton’s tokenized assets have grown from $768 million to over $2.5 billion in a year.

According to Franklin Templeton, the deal has resulted in the creation of a new…

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