🚀 Franklin Templeton Launches Dedicated Crypto Division
Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital and launched a new division called Franklin Crypto. The unit will be led by former 250 Digital executives Christopher Perkins and Seth Ginns alongside Franklin Templeton digital assets executive Tony Pecore.
Franklin Crypto will offer institutional investors actively managed cryptocurrency strategies, combining 250 Digital investment expertise with Franklin Templeton global distribution network spanning 35+ countries.
The $1.78 trillion asset manager has been on an aggressive digital asset expansion. In February, they partnered with Binance to let institutions use tokenized money market fund shares as crypto collateral. In March, they teamed up with Ondo Finance for tokenized ETFs on blockchain networks. Last week, they proposed two ETFs reinvesting stock dividends into Bitcoin-linked investments.
The growth numbers speak volumes: Franklin Templeton tokenized assets tripled from $768 million to over $2.5 billion in just one year. The broader RWA market surged from $11.8B to $32.2B.
🔑 Key takeaway: When a $1.78 trillion asset manager creates a dedicated crypto division, it signals a major institutional conviction shift. Tokenization is no longer experimental.
🎯 What traders should watch: RWA and tokenization projects could benefit from increased institutional flow into this space.