Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to expand its cryptocurrency, The Wall Street Journal. report Wednesday. The organization is led by Seth Ginns and Chris Perkins, who previously served as CoinFund’s managing director and president and managing partner and head of liquid investments, respectively.
250 Digital was officially launched in January when CoinFund he announced turn, and put Perkins and Ginns at the helm. Both managers have spent years at CoinFund building relationships across financial systems, blockchain-one projects, and startup networks.
For more than a decade, CoinFund has supported startups in building blockchain infrastructure and new products. The company’s portfolio includes well-known names such as Ondo Finance, Ether.fi, Flare, Flying Tulip, and World, among others.
Franklin Templeton is advancing crypto and tokenization
Since forming his portfolio of electronic products in 2018, Franklin Templeton has released a number of investment management solutions for cryptocurrencies.
In 2024, the company launched the Franklin Bitcoin ETF and the Franklin Ethereum ETF, giving customers access to the largest crypto assets at low prices.
Franklin Templeton has recently partnered with Ondo Finance to allow tokenized ETFs, enabling investors to access shares at any time through crypto wallets.
The company has done it joined Binance offering institutional investors a solution, allowing shares from Franklin Templeton’s Benji platform to serve as collateral for trading on Binance.
The latest acquisition aims to provide institutional investors with similar crypto options while complementing the existing mutual fund business.
