Franklin Templeton, an investment company and a subsidiary of Franklin Resources Inc. (BEN), said on Wednesday that it has decided to acquire 250 Digital, an active cryptocurrency investment management firm led by Christopher Perkins and Seth Ginns of CoinFund Management LLC.
Post-transaction, Perkins will head the division, and Ginns will serve as chief investment officer to lead the newly formed Franklin Crypto unit. The transaction is expected to close in the second calendar quarter of 2026.
Jenny Johnson, CEO of Franklin Templeton, said: "This is an exciting addition for Franklin Templeton. Together, their investment talent and differentiated strategies strengthen our capabilities in digital assets and position us among a small group of global asset managers."
Franklin Templeton will invest in the strategies as part of the deal.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.