Franklin Templeton to Acquire CoinFund 250 Digital

Franklin Templeton plans to acquire a division of crypto venture firm CoinFund known as 250 Digital. After closing, the business will operate under the Franklin Crypto brand.

The new division will focus on institutional investors, particularly pension and sovereign wealth funds. Franklin Templeton said the initiative is aimed at creating a more stable environment for institutional crypto trading professionals. The article notes that 250 Digital is led by former CoinFund executives Christopher Perkins and Seth Ginns.