Woofun AI reports that Franklin Templeton has finalized the acquisition of 250 Digital, concurrently deploying a new digital asset division named Franklin Crypto. This strategic move underscores the firm's commitment to expanding its footprint in actively managed crypto assets.

The deal, initially agreed upon in April, involves 250 Digital, a spin-off entity from CoinFund. Under the new structure, Franklin Crypto will function as an autonomous active management platform, specifically targeting institutional clients including pension funds and sovereign wealth funds. With approximately $1.78 trillion in assets under management, Franklin Templeton's integration of digital assets signals a significant shift toward incorporating crypto strategies into traditional institutional portfolios.