Franklin Templeton completes acquisition of 250Digital and establishes "Franklin Crypto," focusing on digital asset services for pensions and sovereign funds.

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BlockBeats News, June 23 — Global asset management giant Franklin Templeton has officially completed its acquisition of 250 Digital and simultaneously launched a new digital asset division, Franklin Crypto, marking its further expansion into active management of digital assets.

The deal was initially announced in April this year. 250 Digital is a spin-off from CoinFund. After the integration, Franklin Crypto will operate as an independent active management platform, primarily targeting institutional investors such as pension funds and sovereign wealth funds.

Franklin Templeton currently manages approximately $1.78 trillion in assets. This move is seen as a significant step in incorporating digital assets into traditional institutional investment portfolios.

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