Franklin Templeton buys 250 Digital

Christopher Perkins will lead the new division, Seth Ginns will serve as chief investment officer and Tony Pecore will join the leadership team, with the unit reporting into Sandy Kaul, Franklin Templeton’s Head of Innovation. (franklintempleton.com) The transaction transfers the full 250 Digital investment team and all liquid cryptocurrency strategies that were run at CoinFund, and Franklin Templeton said it will commit capital into those strategies as part of the agreement. (franklintempleton.com) Franklin Templeton confirmed part of the purchase consideration will be paid in BENJI tokens, the on‑chain token that represents shares of the Franklin OnChain U.S. Government Money Fund (FOBXX), a tokenized mutual fund first launched by the firm in 2021. (coin360.com) Company statements and coverage indicate the deal is expected to close in the second quarter of 2026 and remains subject to client consents and customary closing conditions. (cnbc.com) 250 Digital was created as a CoinFund liquidity‑strategies spinoff announced in early January 2026, with Perkins and Ginns leading that standalone business prior to this agreement. (coinlineup.com) Franklin Templeton’s digital‑assets group managed roughly $1.8 billion in digital AUM as of Dec. 31, 2025, while the broader firm reported more than $1.7 trillion in total assets under management as of Feb. 28, 2026. (franklintempleton.com) The company’s prior tokenization moves — including the BENJI on‑chain money‑market fund and recent steps to offer tokenized ETFs tradable 24/7 through crypto wallets — provide the operational plumbing Franklin Templeton says it will leverage for the acquired liquid strategies. (digitalassets.franklintempleton.com)