BENJI News & Analysis

Franklin Templeton (BENJI) acquires 250 Digital for crypto investment expansion

Franklin Templeton (BENJI) has agreed to acquire the crypto investment firm 250 Digital to enhance its Franklin Crypto unit, aimed at increasing actively managed crypto investment offerings. The firm currently manages $1.8 billion in global assets and intends to utilize BENJI tokens as part of the payment for this acquisition. The deal reflects growing institutional demand for sophisticated active crypto management strategies, as evidenced by recent Bitcoin ETF inflows. Currently, Bitcoin's price is down 41% over the past six months and 21% year-to-date, highlighting the ongoing market volatility.