NYSE:BENCapital Markets
Franklin Crypto Launch Adds New Angle To Franklin Resources Valuation Story
Franklin Resources (NYSE:BEN), through Franklin Templeton, has agreed to acquire a crypto asset management business spun out from CoinFund.
The deal includes the creation of Franklin Crypto, a new unit focused on providing digital asset products and services to institutional investors.
The unit is led by crypto industry veterans and is aimed at serving pensions, sovereign wealth funds and other large allocators.
Franklin Resources, trading around $23.59, is adding a dedicated crypto arm at...