PANews reported on April 1st that, according to the Wall Street Journal, traditional asset management giant Franklin Templeton announced its intention to acquire 250 Digital, a digital asset company spun off from venture capital firm CoinFund, to expand its cryptocurrency investment business. Franklin Templeton has been involved in the crypto space since 2018 and has built a digital asset team of over 50 people. 250 Digital was spun off from CoinFund in January of this year and is led by former CoinFund executives Christopher Perkins and Seth Ginns. The new platform will focus on providing crypto investment strategies to institutional investors.