Franklin Templeton acquires CoinFund spinoff to grow crypto offerings

Franklin Templeton ramps up its digital strategy with new acquisition, targeting active crypto investment management.

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Add us on Google by Vivian Nguyen Apr. 1, 2026

Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to grow its crypto investment offerings, The Wall Street Journal reported Wednesday. The entity is led by Seth Ginns and Chris Perkins, who previously served as CoinFund’s managing partner and president and managing partner and head of liquid investments, respectively.

250 Digital was formally established in January when CoinFund announced the spinoff, placing Perkins and Ginns at the helm. Both executives spent years at CoinFund building relationships across decentralized finance protocols, layer-one blockchain projects, and early-stage token networks.

For over a decade, CoinFund has supported founders in creating blockchain infrastructure and innovative products. The firm’s portfolio includes standout names such as Ondo Finance, Ether.fi, Flare, Flying Tulip, and World, among others.

Since entering crypto in 2018, Franklin Templeton has built a 50-person digital-assets team. The acquisition is intended to provide institutional investors with tailored crypto strategies while complementing the firm’s existing mutual fund business.

This is a developing story. Please check back for further updates.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.