Overview
- Franklin Templeton completed its acquisition of 250 Digital and unveiled Franklin Crypto, combining the acquired team with the firm's existing digital-asset resources.
- The new division will be led by former 250 Digital executives Christopher Perkins and Seth Ginns alongside Franklin digital-assets executive Tony Pecore.
- Part of the purchase was paid using BENJI tokens, which are on-chain representations of Franklin’s Franklin OnChain U.S. Government Money Fund, showing tokenized fund shares used in real business deals.
- Franklin is expanding product and partner work that supports the division, including Bitcoin-linked ETF filings and integrations with MoonPay Trade, Binance, and Ondo Finance.
- RWA.xyz data and company disclosures show Franklin’s tokenized assets jumped from about $768 million to over $2.5 billion in a year, a trend that could make regulated digital-asset exposure easier for pensions and other large institutional allocators.