Franklin Templeton, with more than $1.3 trillion in assets under management, in the fourth quarter will begin offering two digital asset separately managed account (SMA) strategies through Eaglebrook Advisors.
The Franklin Templeton Digital Assets Core strategy is market-cap weighted, investing in 10-15 of the largest digital assets. As of June 30, the portfolio is weighted with bitcoin (BTC) at 69.25%, and ether (ETH) at 26.15%. Next up is Solana's SOL at 1.65%, with all other tokens weighted at less than 1%.
The Franklin Templeton Digital Assets Core Capped has similar holdings, but with bitcoin and ether each capped at 25% of the portfolio. As of June 30, Solana's SOL makes up 9.83% of the portfolio and Polygon's MATIC 5.74%.
"Such SMAs offer direct ownership, minimal tracking error, low minimums and portfolio reporting integration," said Eaglebrook Advisors in its own announcement of the partnership.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.