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, 250 Digital’s chief investment officer, will carry that title into the new division. Both spent years at CoinFund before the spinout and bring deep roots in the institutional digital asset world.
The new Franklin Crypto unit is aimed at pensions, sovereign wealth funds, and large asset allocators that want exposure to digital assets through regulated structures. Its strategy spans liquid token markets, venture exposure, and structured products tied to blockchain infrastructure.
