Franklin Templeton Closes 250 Digital Acquisition, Launches Institutional Crypto Division

Franklin Templeton completed its acquisition of crypto investment firm 250 Digital and launched Franklin Crypto, a dedicated institutional digital assets division led by Christopher Perkins.

• The deal was partially settled using BENJI tokens, Franklin Templeton's on-chain money market fund shares.
• Christopher Perkins, formerly of CoinFund, will head the new Franklin Crypto division.
• The unit targets pensions, sovereign wealth funds, and large allocators with liquid token and venture strategies.
• Franklin Templeton manages over $1.5 trillion in assets and is building crypto as a core business line.
• CEO Jenny Johnson has described blockchain as a structural threat to Wall Street fee models.

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Last updated 23 Jun 2026