Franklin Templeton Explores New Crypto Fund Beyond Bitcoin and Ethereum
Franklin Templeton, a Silicon Valley-based asset manager with $1.6 trillion in assets, is considering launching a new cryptocurrency investment fund.
According to The Information, this private fund would primarily target institutional investors and focus on cryptocurrencies other than Bitcoin and Ethereum.
This initiative marks an expansion of Franklin Templeton’s crypto investment strategy beyond traditional digital assets.
The proposed fund would not only provide exposure to a wider range of cryptocurrencies but also consider distributing staking rewards to investors. This could potentially increase the fund’s appeal to investors looking to maximize their crypto returns.
Franklin Templeton is no stranger to the digital asset arena. The company has already launched a Bitcoin Spot ETF in the United States earlier this year and has filed a similar offering focused on Ethereum.
In addition, in 2021, Franklin Templeton pioneered tokenized bond funds on the Stellar network, preceding similar initiatives by other traditional finance giants like BlackRock.
