Franklin Templeton completes the acquisition of 250 Digital and launches Franklin Crypto: a new phase of institutional expansion
On June 22, 2026, Franklin Templeton officially closed the deal to acquire 250 Digital, simultaneously announcing the launch of a new division — Franklin Crypto. This is a dedicated structure for managing digital assets, marking a strategic shift for the giant with $1.78 trillion under management toward active and deep exploration of the crypto market.
The deal, first announced on April 1, 2026, is now complete. Under its terms, the 250 Digital team and all liquid cryptocurrency strategies previously managed through CoinFund transition to direct control of Franklin Templeton. Moreover, the company will invest its own capital in these strategies, underscoring its commitment to long-term development in the digital asset space. It is worth recalling that Franklin Templeton has been experimenting with blockchain technologies since 2018 and was one of the pioneers, launching one of the first funds in the U.S. to use public blockchains for buy-sell operations and recording ownership rights.
Key Team of the New Division
Christopher Perkins has been appointed head of Franklin Crypto, while Seth Ginns has taken the role of investment director. They will work in partnership with Franklin Templeton Digital Assets veteran Tony Pecora. The division reports to Sandy Kaul, head of innovation. CEO Jenny Johnson noted that the experience and approaches of the 250 Digital team enhance the company's capabilities in digital assets and position Franklin Templeton among the few global managers with their own institutional cryptocurrency strategy team.
Institutional Scale and Active Crypto Strategies
As of May 31, 2026, Franklin Templeton's assets under management totaled $1.78 trillion. Franklin Crypto leverages the expertise of its own digital team, focusing on fundamental research, active portfolio management, and an institutional approach to risk management. The new division targets institutional clients interested in active cryptocurrency strategies within a regulated framework and broad geographic presence.
Franklin Crypto combines professional execution in the crypto market with Franklin Templeton's proven infrastructure and client base. The division plans to launch active cryptocurrency strategies for institutional investors worldwide. The integration strengthens the company's position — Franklin Templeton can now offer sophisticated digital solutions to institutions that are increasingly allocating capital to this asset class through established managers.
Analyst Comment: This move by Franklin Templeton is not just another acquisition but a clear signal to the market that traditional financial giants are transitioning from passive observation to active management of crypto assets. The integration of proprietary strategies with institutional infrastructure creates a powerful tandem capable of attracting the largest investors seeking reliable and regulated tools to enter the digital economy.