Asset management firm Franklin Templeton is acquiring 250 Digital, an active cryptocurrency investment management firm that is being spun off from CoinFund Management.
The acquisition would include the 250 Digital investment team and all liquid cryptocurrency strategies previously run by 250 Digital. The 250 Digital team is led by financial industry veterans Christopher Perkins and Seth Ginns. Franklin Templeton will invest in the strategies as part of the agreement.
“This is an exciting addition for Franklin Templeton, and we’re pleased to welcome Chris, Seth and the 250 Digital team to our firm,” Jenny Johnson, CEO of Franklin Templeton, said on April 1. “Together, their investment talent and differentiated strategies strengthen our capabilities in digital assets and position us among a small group of global asset managers with a dedicated, institutional-grade crypto investment management team, enhancing our ability to serve clients worldwide.”
Once the deal closes, Perkins and Ginns will lead the newly formed Franklin Crypto unit alongside Franklin Templeton Digital Assets investment veteran Tony Pecore. Franklin Crypto will expand Franklin Templeton’s existing suite of crypto and blockchain VC investment offerings and broaden the firm’s digital assets investment management platform. Franklin Templeton Digital Assets manages approximately $1.8 billion in global assets as of Dec. 31, 2025.
“Crypto’s institutional moment has arrived, and Franklin Crypto will help our global clients navigate this complex and rapidly evolving asset class by delivering the expertise, knowledge and digital asset products that meet their sophisticated investment needs,” Perkins said. “In partnership with Seth, Tony and our teams, we will position Franklin Crypto as the global leader in digital asset management.”
The transaction is expected to close in the second calendar quarter of 2026.
Ginns said Franklin Templeton has cemented itself as an early mover and clear leader in the crypto ecosystem as blockchain technology builders, node operators, thought leaders and active crypto managers. “We share a long-term vision, and with the client-centric culture and distribution strengths of Franklin Templeton, we are well positioned to expand our collective reach and accelerate the growth and adoption of our strategies globally,” Ginns said.