Franklin Templeton, which has some $1.4 trillion in assets under management, plans to add to its crypto market offerings with a second blockchain fund, according to a Wednesday filing with the U.S. Securities and Exchange Commission (SEC).
The Blockchain Fund II is a private equity fund and will carry a minimum investment of $100,000. The firm's previous blockchain fund, established in late 2021 was venture capital-focused. The offering also differs from the firm's foray into crypto last year, which involved separately managed accounts (SMA) strategies through investment in the 10-15 largest digital assets.
The listing demonstrates the ongoing interest mainstream financial institutions are taking in blockchain and digital asset investments.
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