Franklin Templeton Expands Institutional Crypto Footprint with CoinFund Spinoff Acquisition
Franklin Templeton is doubling down on institutional crypto adoption with its acquisition of 250 Digital, a CoinFund spinoff specializing in liquid crypto strategies. The deal, announced April 1st, 2026, will establish a dedicated Franklin Crypto division targeting pensions and sovereign wealth funds—a clear signal of maturing institutional demand despite market volatility.
Veterans Tony Pecore, Christopher Perkins, and Seth Ginns will helm the new unit, leveraging their hybrid expertise in traditional asset management and blockchain-native strategies. The move comes as Franklin Templeton reports $1.8 billion in global digital asset AUM, cementing its position as a bridge between legacy finance and crypto markets.