Traditional asset management giants have finally stopped improvising on their own and instead are buying ready-made crypto teams directly—now that’s the right idea.

CryptoWorld News reports that Franklin Templeton completed its acquisition of 250 Digital on June 22, 2026, in San Mateo, California, establishing a new digital asset management division—Franklin Crypto. This acquisition will deepen the asset management company’s presence in the digital assets space, integrating a crypto-native investment team with traditional distribution networks. Franklin Templeton said this acquisition adds 250 Digital’s investment team and liquidity-focused crypto strategies. As of May 31, 2026, the assets managed by the company reached $1.78 trillion, covering more than 35 countries. This acquisition shows that large asset management firms are more inclined to acquire specialized teams rather than build independently.