Franklin Templeton To Heavily Into Altcoins? 🤔
Franklin Templeton, a prominent asset manager, is reportedly considering launching a private fund focused on altcoins for institutional investors. This move would expand its current crypto offerings beyond Bitcoin and Ether. The new fund is expected to include staking rewards, although specific altcoins have not been disclosed. The firm has shown particular interest in Solana, noting significant growth in its decentralized exchange volume. As of March 2024, Franklin Templeton manages $1.64 trillion in assets.
Additionally, Franklin Templeton announced the integration of USD Coin (USDC) for investments in its Benji Investments platform, specifically for its blockchain-recorded Franklin OnChain U.S. Government Money Fund. This conversion will be supported by Zero Hash, with the fund currently managing $357 million in assets.📈
