Franklin Templeton, a prominent Silicon Valley asset manager with $1.6 trillion in assets, is reportedly exploring the creation of a new investment fund dedicated to cryptocurrencies.
What Happened: This private fund would cater to institutional investors and include investments in cryptocurrencies beyond just Bitcoin BTC/USD and Ethereum ETH/USD. Additionally, the firm is considering the distribution of staking rewards to the fund’s investors, The Information reported.
This move positions Franklin Templeton among a growing list of traditional finance giants entering the digital asset market to offer cryptocurrency and tokenized asset investments to their clients.
Also Read: Why Bitcoin Might Not Hit A New All-Time High This Month: 10x Research
Earlier this year, Franklin Templeton launched a spot bitcoin exchange-traded fund (ETF) in the U.S. and applied to list a similar ETF for Ether.
The company had previously initiated a tokenized U.S. government bond fund on the Stellar (XLM) network in 2021, setting a precedent before BlackRock‘s similar initiatives.
These developments reflect a broader trend in the financial sector, where traditional firms are increasingly embracing digital assets.
The potential introduction of Franklin Templeton’s crypto-focused investment fund could significantly influence the market by providing institutional investors with more diversified exposure to the cryptocurrency landscape.
What’s Next: For further insights into these trends and their implications for the digital asset industry, the upcoming Benzinga Future of Digital Assets event on Nov. 19 will feature discussions from leading industry experts.
Read Next: Bitcoin Could Go To $500K By October 2025, Says Silicon Valley VC
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