Franklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto division
60-second summary
Franklin Templeton, a $1.7 trillion asset manager, is closing its acquisition deal for 250 Digital, although the purchase price remains undisclosed. This strategic move enables the company to establish a new corporate division, Franklin Crypto, dedicated to crypto investments. The division will focus on expanding its digital asset offerings to clients worldwide.
The $1.7 trillion asset manager did not disclose the amount paid for the acquisition of 250 Digital but revealed its plans for a new corporate division exclusively for crypto investments.