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World asset supervisor Franklin Templeton is ramping up its crypto ambitions with the launch of a devoted unit, Franklin Crypto, backed by a deliberate acquisition of CoinFund spinoff 250 Digital.
Introducing Franklin Crypto
Set to shut in Q2, the deal pulls 250 Digital’s complete workforce and its liquid crypto methods into Franklin Templeton, which may even allocate capital to help them.
Christopher Perkins will head the brand new Franklin Crypto unit, with Seth Ginns stepping in as CIO alongside digital belongings veteran Tony Pecore, as Franklin Templeton ramps up its crypto funding push for institutional shoppers. The unit will report on to Sandy Kaul, Franklin Templeton’s head of innovation, anchoring the division inside the agency’s forward-looking technique.
“Crypto’s institutional second has arrived, and Franklin Crypto will assist our world shoppers navigate this advanced and quickly evolving asset class by delivering the experience, data, and digital asset merchandise that meet their subtle funding wants,” Perkins posited in an announcement.
The enlargement builds on Franklin Templeton’s $1.8 billion digital asset enterprise and marks a shift towards extra energetic crypto funding methods alongside its current merchandise. The agency made historical past in 2024 as one of many early movers, launching a US-listed spot Bitcoin ETF alongside main gamers like BlackRock.
 
The launch of Franklin Crypto underscores a rising trade shift, with main asset managers shifting past passive ETF merchandise to ascertain inner crypto funding capabilities.
Deal To Incorporate Benji Tokens As Fee Consideration
Though monetary particulars of the 250 Digital deal weren’t disclosed, Franklin Templeton famous that BENJI tokens, tied to its on-chain U.S. Authorities Cash Fund, can be used as fee consideration, marking a step towards on-chain M&A transactions.
Franklin Templeton first launched its tokenized cash market fund in 2021, later increasing to Ethereum in 2024, and since then scaling throughout main networks, together with Solana, in addition to Ethereum L2s like Base and Arbitrum.
Franklin Templeton’s acquisition comes in opposition to the backdrop of a protracted crypto downturn, with Bitcoin down about 45.8% from its October 2025 peak of roughly $126,080.
