Franklin Templeton completes acquisition of 250 Digital and launches Franklin Crypto: a new era of institutional crypto investments
The largest asset manager Franklin Templeton, with $1.78 trillion in assets under management, officially completed the acquisition of 250 Digital on June 22, 2026. This move marks the creation of a new subsidiary — Franklin Crypto, which will directly manage digital assets and investment strategies in the cryptocurrency space.
As part of the integration, the entire 250 Digital team, as well as the liquid cryptocurrency strategies previously managed through CoinFund, come under the full control of Franklin Templeton. The company will invest its own capital directly into these strategies, underscoring its long-term commitment to the digital asset market. Notably, Franklin Templeton has been experimenting with blockchain technologies since 2018 and was one of the pioneers in launching funds based on public blockchains in the United States.
Key team of the new subsidiary
Christopher Perkins has been appointed to lead Franklin Crypto, while Seth Ginns has taken the role of Chief Investment Officer. They will work in tandem with Franklin Templeton Digital Assets veteran Tony Pecora. The subsidiary reports to Sandy Kaul, head of innovation. CEO Jenny Johnson noted that the experience of the 250 Digital team enhances the company's capabilities in digital assets and positions Franklin Templeton among the few global asset managers with their own institutional crypto strategy team.
Institutional scale and active crypto strategies
Franklin Crypto is focusing on fundamental research, active portfolio management, and an institutional approach to risk management. The new subsidiary targets institutional clients interested in active cryptocurrency strategies, within a regulatory framework and global presence. Plans include launching active cryptocurrency strategies for institutional investors worldwide, combining professional execution in the crypto market with Franklin Templeton's proven infrastructure.
Cryptalist Analysis: This move is a clear signal that traditional Wall Street giants are transitioning from passive observation to active management of crypto assets. The acquisition of 250 Digital, rather than just a partnership, gives Franklin Templeton full control over technology and talent, which is critical for creating competitive products. I expect that in the coming quarters, we will see the launch of a range of institutional crypto funds from Franklin Templeton, further accelerating capital inflows into this asset class.