Franklin Templeton Launches Crypto Arm After 250 Digital Deal

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Franklin Templeton, which manages roughly $1.78 trillion, closed its 250 Digital acquisition and launched Franklin Crypto for institutional allocators. The deal brings the 250 Digital investment team and liquid cryptocurrency strategies previously run by CoinFund Management under Franklin Templeton. Part of the consideration is being paid in BENJI tokens tied to the firm's on-chain money-market fund. Financial terms of the 250 Digital deal were not disclosed.
BENJI-1.27%
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