Franklin Templeton will acquire cryptocurrency investment management firm 250 Digital for an undisclosed sum in a deal expected to close in the second quarter, the companies said Wednesday.
Among the assets Franklin Templeton is buying are 250 Digital’s investment team and “all liquid cryptocurrency strategies previously run by CoinFund,” according to a release Wednesday.
CoinFund President – and 250 Digital’s CEO – Christopher Perkins will lead the newly formed Franklin Crypto unit alongside fellow CoinFund alum Seth Ginns and Franklin Templeton Digital Assets executive Tony Pecore.
“Crypto’s institutional moment has arrived, and Franklin Crypto will help our…
