Asset manager Franklin Templeton files for blockchain venture fund

Sep 15, 2021 | The Block News | 0 comments

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Franklin Templeton, the asset management firm, has formed a blockchain venture fund that could raise as much as $20 million, public documents show.

The firm’s Wednesday filing shows that the Franklin Templeton Blockchain Fund I, L.P. has raised $10 million to date out of a projected $20 million. It is classified as a pooled venture capital fund.

As previously reported, Franklin Templeton has participated in a number of initiatives focused on crypto. The company is a stakeholder in a venture fund of funds launched this summer by Galaxy Digital. Franklin Templeton is an investor in crypto startups like Amberdata, taking part in the $15 million funding round announced this week. The firm also took part in an extended Series A round for custody startup Curv, which was later acquired by PayPal.

CoinDesk reported earlier this month that Franklin Templeton is seeking to hire roles in an internal digital asset team. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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