The asset manager completes acquisition of 250 Digital to expand into digital assets amid growing institutional demand.
Franklin Templeton has launched a dedicated cryptocurrency division after finalizing its acquisition of 250 Digital. The move marks a strategic expansion into digital assets for the $1.6 trillion asset manager.
The acquisition was announced earlier this year, with 250 Digital specializing in blockchain and crypto investment solutions. Franklin Templeton has previously filed for a Bitcoin ETF, signaling broader interest in the sector.
No immediate market reaction was reported following the announcement.