Franklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto division

FinanceFranklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto divisionThe $1.7 trillion asset manager did not disclose the amount paid for the acquisition of 250 Digital but revealed its plans for a new corporate division exclusively for crypto investments.By Olivier Acuna|Edited by Jamie Crawley Jun 23, 2026, 12:35 p.

m. 1 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on Jenny Johnson, President and CEO, Franklin Templeton (CoinDesk)SummaryShowFranklin Templeton has closed its acquisition of active crypto investment manager 250 Digital and created a new division called Franklin Crypto.The new unit will combine 250 Digital’s investment team and liquid cryptocurrency strategies with Franklin Templeton’s global distribution, and the firm will invest its own capital into these strategies.

Crypto industry veterans Christopher Perkins and Seth Ginns will co-lead Franklin Crypto, with Perkins serving as head of the division and chief investment officer.The $1.7 trillion asset manager Franklin Templeton is establishing a new dedicated active crypto investment management arm through acquisition of 250 Digital.

Franklin Templeton has established Franklin Crypto to offer institutional investors actively managed cryptocurrency strategies the asset manager said in a statement.The San Mateo, California-based asset manager first announced the acquisition and the new crypto division in April as part of its increasing push into digital assets. It has not disclosed financial terms of the dealThe new division will combine the investment capabilities of the former 250 Digital team with Franklin Templeton’s global distribution.

Franklin Templeton will also invest its own capital into these liquid strategies as part of the closing agreement.The new unit absorbs the entire 250 Digital investment team, alongside all liquid cryptocurrency strategies they previously ran under CoinFund, according to the statement.Crypto industry veterans Christopher Perkins and Seth Ginns will co-lead the new division.

Perkins will serve as Head of Franklin Crypto and Chief Investment Officer respectively.Read More: Franklin Templeton proposes new ETFs that turn corporate dividends into bitcoinInstitutional InvestorsLatest Crypto News 1Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst23 minutes ago2Bitcoin volatility looks cheap as $10 billion options settlement nears1 hour ago3Crypto market drops as Nasdaq tech selloff spills into digital assets1 hour ago4Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator2 hours ago5Hut 8 to pay $2.35 million to settle investor suit over U.

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4% against the trend, hitting a new all-time high.By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.

41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters:In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024.

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09SOL down 7.02 percent7.02% FinanceFranklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto divisionThe $1.

7 trillion asset manager did not disclose the amount paid for the acquisition of 250 Digital but revealed its plans for a new corporate division exclusively for crypto investments.By Olivier Acuna|Edited by Jamie Crawley Jun 23, 2026, 12:35 p.m.

1 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on Make preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on Make pref