Franklin Templeton created a new crypto division after buying 250 Digital. Its tokenized assets, digital assets on a blockchain, soared from $768 million to over $2.5 billion in the last year, showing strong market growth.
Franklin Templeton has officially launched a new division focused solely on cryptocurrency and blockchain technology. This development follows the successful completion of its acquisition of 250 Digital. The new unit arrives at a time when "tokenized assets," which are digital representations of real-world assets on a blockchain, are seeing fast growth. Franklin Templeton's suite of products built on blockchain, known as its onchain product suite, has grown significantly. In just one year, these holdings expanded from around $768 million to more than $2.5 billion, highlighting strong demand in the digital asset space.
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