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Franklin Resources Bets on Active Crypto, Acquires 250 Digital
Franklin Resources (NYSE: BEN) has announced the acquisition of 250 Digital, integrating it into its new Franklin Crypto unit to enhance actively managed crypto investment offerings for institutional clients. This strategic move, valued partly in BENJI tokens, signifies a deeper commitment to digital assets beyond basic exposure products like Bitcoin ETFs. The acquisition aims to capitalize on increasing institutional interest in yield-focused and active crypto strategies.