US asset manager Franklin Templeton has agreed to acquire 250 Digital, a spinoff from venture firm CoinFund, as it seeks to offer solutions to pension funds, sovereign wealth funds and other institutional investors, the Wall Street Journal reported.
Franklin Templeton To Acquire CoinFund Spinoff for New Crypto Arm: WSJ
1 April 2026 - 14:14 CEST
By Sandmark staff
The acquisition would help develop a new digital-assets arm, Franklin Crypto, diversifying from the firm's traditional investment strategies around stocks and bonds, Sandy Kaul, Franklin's head of innovation, told the WSJ.
The selloff in crypto markets created a "unique opportunity" to make a deal, the WSJ cited Kaul as saying.
