Franklin Templeton Plans Listing Blockchain Fund for Institutional Investors

The Blockchain Fund II, a private equity fund, requires a minimum investment of $100,000.

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Franklin Templeton, a company managing around $1.4 trillion in assets, intends to expand its cryptocurrency market offerings by launching a second blockchain fund. This information was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. (  according to a Wednesday filing )

Franklin Templeton’s new Blockchain Fund II is a private equity fund that requires a minimum investment of $100,000. This fund differs from the firm’s previous venture capital-focused blockchain fund, which was launched in late 2021. Additionally, the new offering sets itself apart from Franklin Templeton’s previous involvement in the crypto market, where it utilized separately managed accounts (SMA) strategies to invest in the top 10-15 digital assets. ” previous blockchain fund ( which involved separately managed accounts )”

The listing shows that traditional financial institutions continue to show interest in investing in blockchain and digital assets.

Franklin Templeton has been supportive of utilizing blockchain technology to facilitate transactions for its OnChain U.S. Government Money Market Fund (FOBXX). The fund has been processing transactions on the Stellar and  Polygon networks.

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