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Why ‘Old School’ Franklin Templeton Just Bought a Crypto Startup
It’s all about the Benjamins. And the bitcoins, apparently. Traditional financial firms are pushing deeper into digital assets, and the latest move comes from San Mateo, California-based Franklin Templeton. The asset manager, long established in mutual funds and ETFs, has acquired 250 Digital, a spinoff of venture firm CoinFund. The business will be rebranded as Franklin Crypto and will offer digital asset strategies to institutional investors. “Our focus today is institutional, but advisor interest is definitely growing as the market becomes easier to understand and the use cases become more tangible,” Sandy ... (full story)
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