Franklin Templeton acquires CoinFund's spinout firm 250Digital, establishes crypto arm for retirement and sovereign wealth fund relationships

BlockBeats News, April 1st, according to The Wall Street Journal, asset management giant Franklin Templeton announced that it will acquire the venture capital firm CoinFund's spinoff company, 250 Digital, to expand its cryptocurrency investment products and establish a cryptocurrency business division focusing on pension funds and sovereign wealth funds. 250 Digital was spun off from CoinFund in January of this year.