Franklin Templeton launches dedicated crypto division after closing 250 Digital acquisition

Global asset manager Franklin Templeton has finalized its acquisition of crypto asset manager 250 Digital, integrating the firm's investment team and strategies into a newly formed division named Franklin Crypto. This strategic move aims to provide institutional investors with actively managed cryptocurrency strategies by leveraging the combined expertise of 250 Digital executives and Franklin Templeton’s global distribution network. The acquisition follows a period of significant growth for Franklin Templeton, whose onchain product suite has surged from approximately $768 million to over $2.5 billion in the past year. This expansion aligns with the broader growth of the tokenized asset market, which has increased from $11.8 billion to $32.2 billion during the same timeframe. Franklin Templeton continues to deepen its digital asset footprint through various initiatives, including partnerships with Binance for collateralized trading and Ondo Finance for tokenized ETFs. These efforts reflect a broader institutional trend of integrating traditional financial products with blockchain-based infrastructure. By formalizing its crypto division, the $1.78 trillion asset manager signals a long-term commitment to bridging the gap between traditional finance and digital asset markets.