The veteran asset management giant is officially entering the active crypto strategy space, and institutional players are changing their chips at the table.

Franklin Templeton completed the acquisition of 250 Digital, integrating its investment team and the liquidity strategies managed by CoinFund, which became one of its investors. After the acquisition, a dedicated department focused on active digital assets, Franklin Crypto, was established, headed by Christopher Perkins and with Seth Ginns as Chief Investment Officer, co-led by Tony Pecore. It offers actively managed crypto asset strategies to institutional investors and leverages a global distribution network to expand into the institutional market.