Franklin Templeton Acquires 250 Digital, Forms Franklin Crypto
Analysis based on 10 articles · First reported Apr 01, 2026 · Last updated Apr 02, 2026
The acquisition by Franklin Templeton signals a growing institutional interest in digital assets, potentially boosting confidence in the broader crypto market. The use of BENJI tokens for payment could also set a precedent for future on-chain M&A transactions, further integrating blockchain technology into traditional finance.
Global asset manager Franklin Templeton announced its acquisition of 250 Digital, a crypto investment firm spun off from CoinFund. This strategic move aims to expand Franklin Templeton's digital asset capabilities and establish a new division called Franklin Crypto, targeting institutional investors. Christopher Perkins will lead Franklin Crypto, with Seth Ginns as Chief Investment Officer. The deal, expected to close in Q2 2026, is notable for its innovative use of BENJI tokens, representing Franklin Templeton's on-chain money market fund, as part of the payment consideration. This marks a significant step towards conducting M&A transactions on blockchain infrastructure. Franklin Templeton will also invest in the acquired liquid crypto strategies, reinforcing its commitment to the digital asset space despite recent market drawdowns. The acquisition aligns with a broader trend of traditional financial institutions expanding into crypto markets, leveraging talent and building long-term infrastructure.
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