Franklin Resources, Inc. (NYSE:BEN) agreed to acquire 250 Digital, LLC from CoinFund Management LLC on April 1, 2026. The transaction consideration will be paid in BENJI tokens, which are shares of the Franklin OnChain U.S. Government Money Fund (FOBXX). As part of the agreement, Franklin Templeton will also invest in the strategies. Post-acquisition, the acquired team will form a new unit named Franklin Crypto, which will expand Franklin Templeton?s existing suite of crypto and blockchain investment offerings.
Following the closing, Christopher Perkins will head the Franklin Crypto division and Seth Ginns will serve as its Chief Investment Officer. They will lead the new unit alongside Franklin Templeton Digital Assets investment veteran Tony Pecore.
The transaction is expected to close in the second calendar quarter of 2026, subject to the execution of definitive transaction agreements, client consents and other customary closing conditions.
Franklin Resources, Inc. specializes in the management of investment funds. The group's activity is organized around 2 areas:
- investment services: activity insured under brands Franklin, Templeton, Legg Mason, Benefit Street Partners, Brandywine Global Investment Management, Clarion Partners, ClearBridge Investments, etc. At the end of September 2025, the group had USD 1,661.2 billion of assets under management;
- financial services: retail banking activities, private banking, and consumer credit (automobile credit, mortgage loan, mortgage, etc.).
Net sales are distributed geographically as follows: the United States (75.4%), Americas (2.9%), Luxembourg (14.8%), Europe/Middle East/Africa (3.2%) and Asia/Pacific (3.7%).
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