Franklin Templeton to boost crypto with acquisition of 250 Digital and launch new Franklin Crypto unit

Franklin Templeton plans to acquire 250 Digital, a crypto investment firm, to enhance its digital asset capabilities. The deal includes the 250 Digital team and crypto strategies previously managed by CoinFund, with Templeton investing in these strategies. A new Franklin Crypto unit will be formed, led by executives from 250 Digital and Franklin Templeton, aiming to position itself as a global leader in digital asset management. The acquisition is expected to close in Q2 2026, strengthening Franklin Templeton's presence in institutional-grade crypto investment.