Franklin Templeton acquires 250 Digital, launches Franklin Crypto to expand institutional digital-asset offerings

Franklin Templeton agreed to acquire 250 Digital, a crypto investment management firm spun out of CoinFund, and said it will launch a new unit called Franklin Crypto to expand its digital-asset offerings ^{[1] [2] [3]}.

The firm said the acquisition brings liquid strategies and crypto portfolio-management talent to Franklin Templeton; the new unit will target institutional demand for active digital-asset strategies in addition to the company's existing ETF products ^{[1] [2] [4] [5]}.

Franklin Templeton and 250 Digital did not disclose financial terms of the deal; coverage of the transaction was flagged by The Wall Street Journal and subsequently confirmed by company statements describing the move as a step into crypto's institutional phase ^{[1] [3] [4]}.

The acquisition and the Franklin Crypto launch were announced on April 1, 2026; the companies have not released a purchase price ^{[1] [2]}.