Franklin Templeton Acquires 250 Digital to Scale Crypto Operations

The new unit will be spearheaded by former 250 Digital executives Christopher Perkins and Seth Ginns, working in tandem with Franklin Templeton’s Tony Pecore. While the financial terms of the deal remain undisclosed, the integration combines 250 Digital’s active management capabilities with Franklin Templeton’s expansive global distribution network. The acquisition represents a strategic pivot for 250 Digital, which was created earlier this year after CoinFund spun out its liquid strategies business to focus strictly on venture capital.

Franklin Templeton’s digital footprint has grown significantly alongside this acquisition. Its tokenized assets have surged from $768 million to over $2.5 billion within the last year, mirroring a broader market trend that saw on-chain real-world assets climb to $32.2 billion industry-wide. Beyond this buyout, the firm is aggressively diversifying its crypto offerings, including recent filings for Bitcoin-linked ETFs and a partnership with MoonPay to integrate its BENJI money market fund with on-chain trading infrastructure. These initiatives, combined with existing collaborations with Binance and Ondo Finance, signal a deepening commitment to bridging traditional finance with blockchain-based investment products.