Franklin Templeton to buy 250 Digital, paying partly in BENJI tokens, and launches Franklin Crypto

Franklin Templeton/Franklin OnChain US Government Money Fund (BENJI)

Franklin Templeton agreed to acquire 250 Digital, a crypto investment manager spun out of CoinFund, and to use BENJI tokens as payment, one of the first uses of a tokenized fund to settle an acquisition. The team forms Franklin Crypto, led by Christopher Perkins with Seth Ginns as investment chief.

• Closing expected in Q2 2026.
• BENJI tokens used as deal consideration.
• Franklin managed about $1.8B in digital assets at end-2025 and $1.7T overall (Feb 2026).
• Franklin Crypto reports to Sandy Kaul, Head of Innovation.