The new unit arrives amid rapid growth in tokenized assets, with Franklin Templeton’s onchain product suite expanding from roughly $768 million to more than $2.5 billion over the past year.
Source: Cointelegraph
Franklin Templeton launches dedicated crypto division after closing 250 Digital acquisition
Franklin Templeton has announced the launch of a dedicated cryptocurrency division following its acquisition of 250 Digital, a firm specializing in digital assets and blockchain technology. This strategic move underscores the asset management giant's commitment to expanding its footprint in the rapidly evolving crypto market. The new division aims to leverage innovative technologies and investment strategies to enhance client offerings and navigate the complexities of digital assets. With this initiative, Franklin Templeton positions itself to capitalize on the growing interest in cryptocurrencies and to meet the evolving needs of investors seeking exposure to this asset class.