Franklin Templeton, a heavyweight in traditional stock- and bond-fund management, said it would buy a spinoff from the venture firm CoinFund to expand its cryptocurrency-investing offering. Franklin, known for marketing mutual funds for individual investors, made an early entry into crypto in 2018 and has assembled a digital-assets team of more than 50 people. 250 Digital, whose spinoff from CoinFund was announced in January, is led by the former CoinFund executives Christopher Perkins and Seth Ginns.
This big selloff that we had in the crypto markets is creating a very unique opportunity that really made us all decide that this is the right time to pull the trigger,
