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Franklin Templeton to acquire CoinFund spinoff to expand crypto push
Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its expansion into digital assets. The deal comes as traditional financial firms ramp up their presence in cryptocurrencies, supported by favorable policies under the Trump administration. Franklin Templeton, which manages more than $1.7 trillion in assets, has been among the early movers in exploring blockchain technology and digital asset investing. Following completion of the transaction, the new crypto business will be called ... (full story)
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