Franklin Templeton has completed its acquisition of 250 Digital, the crypto investment firm spun out of CoinFund in January 2026, and used the closing to launch a new institutional business line called Franklin Crypto. 

The deal, first announced in April, marks one of the most concrete moves by a major legacy asset manager to build a dedicated crypto operation from within.

250 Digital came into existence at the start of 2026 as a standalone entity carved out of CoinFund Management, bringing with it a team built around liquid crypto strategies and institutional-grade portfolio construction. 

Christopher Perkins, who leads the firm, will now head Franklin Crypto. Seth Ginns,…

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