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Franklin Resources Bets on Active Crypto, Acquires 250 Digital

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Franklin Resources Bets on Active Crypto, Acquires 250 Digital​


Franklin Resources, Inc. (NYSE:BEN) is included among the 15 Cheapest Stocks with Highest Dividends. On April 1, Franklin Resources, Inc. (NYSE:BEN) announced its agreement to acquire 250 Digital, which will become part of its newly formed Franklin Crypto unit. This move represents a deeper push into digital assets. By integrating 250 Digital, the firm aims to expand its actively managed crypto investment offerings for institutional clients, moving beyond basic exposure through products such as bitcoin ETFs. The firm currently manages $1.8B in global assets.

The deal is projected to close in the second quarter, with part of the payment being made using BENJI tokens, which represent shares in its blockchain-based mutual fund, the Franklin OnChain U.S. Government Money Fund. This aligns with a broader industry shift as institutions show increased interest in yield-focused and active strategies, even as passive crypto products like spot bitcoin and ether ETFs continue to mature.

Franklin Templeton is known for active investing and, in recent years, has adopted a progressive stance on digital assets. Its involvement in this space includes crypto ETFs, tokenized traditional funds on public blockchains, and partnerships with major crypto platforms such as Binance.

Franklin Resources, Inc. (NYSE:BEN) is a global investment management firm. Through its subsidiaries operating as Franklin Templeton, it serves clients in over 150 countries, offering capabilities across equity, fixed income, alternatives, and multi-asset strategies through its specialist investment managers.

This article has been published in insidermonkey.com via Yahoo News.

 
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