Franklin Templeton Buys 250 Digital to Speed Crypto Entry

Franklin Templeton completed its acquisition of crypto asset manager 250 Digital on June 22, 2026, and launched Franklin Crypto, a dedicated digital-assets division. The move folds 250 Digital's investment team and liquid crypto strategies into the new unit, giving the $1.78 trillion asset manager a running start in crypto markets.

Christopher Perkins will lead Franklin Crypto, Seth Ginns will serve as CIO, and Tony Pecore joins as a digital-assets co-leader. Named decision-makers on day one accelerate vendor selection and operational integration, Cointelegraph reported.

Large managers that try to build crypto capabilities from scratch face months of custodian vetting, market-data feed setup, and risk-system integration. Franklin Templeton avoided that by buying a team that already has exchange relationships and execution playbooks. The acquisition compresses a multi-year timeline.

Franklin Templeton launched the OnChain U.S. Government Money Fund (FOBXX) in 2021, one of the first SEC-registered funds to use a public blockchain for share issuance and transfer. The growth in tokenized assets from $767.6 million to about $2.51 billion in one year, according to RWA.xyz data cited by Cointelegraph, followed that launch. A dedicated unit that houses both liquid strategies and tokenization rails can tighten the loop between on-chain issuance and secondary-market hedging. For clients, having one point of contact for both product types can simplify due diligence and reporting.