CoinFund
CoinFund is a web3 and crypto-focused investment firm and registered investment adviser founded in 2015. Its goal is to shape the global transition to web3. The firm invests in seed, venture, and liquid opportunities within the blockchain sector, with a focus on digital assets, decentralization technologies, and key enabling infrastructure.
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Franklin Templeton Completes Acquisition of 250 Digital and Establishes New Crypto Division, Franklin Crypto
Franklin Templeton has announced the completion of its acquisition of 250 Digital, an active crypto investment management firm, and has established a new division named Franklin Crypto. The asset manager, which oversees $1.7 trillion in assets, did not disclose the financial terms of the deal. The new division aims to provide institutional investors with actively managed cryptocurrency strategies.The new division will combine the investment capabilities of the former 250 Digital team with Franklin Templeton's global distribution channels. As part of the closing agreement, Franklin Templeton will also invest its own capital into these liquidity strategies. The new unit has absorbed the entire 250 Digital investment team, along with all the liquid crypto strategies previously operated under CoinFund. Crypto industry veterans Christopher Perkins and Seth Ginns will co-lead the new division. (CoinDesk)
CoinDesk
Franklin
Franklin Templeton
Franklin Templeton Completes Acquisition of 250 Digital, Officially Launches Franklin Crypto Division
According to an announcement on Franklin Templeton’s official website, Franklin Templeton completed its acquisition of 250 Digital, an actively managed crypto asset firm, on June 22, and officially launched its dedicated digital assets division, Franklin Crypto. Christopher Perkins has been appointed Head of the division, Seth Ginns serves as Chief Investment Officer, and Tony Pecore serves as Co-Leader; all three report to Sandy Kaul, Franklin Templeton’s Head of Innovation. Franklin Crypto will integrate 250 Digital’s existing investment team and the liquid crypto strategy previously managed by CoinFund, leveraging Franklin Templeton’s global distribution network to offer actively managed cryptocurrency strategies to institutional investors.
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Franklin Templeton
June
stablecoin payment infrastructure company Trace Finance completes $32 million Series A funding round led by CoinFund
stablecoin payment infrastructure company Trace Finance has completed a $32 million Series A funding round, led by CoinFund with participation from Coinbase Ventures and others. Trace Finance plans to use this round of financing to expand its business in Latin America and the Asia-Pacific region and to advance more license applications. The company stated that it has processed over $10 billion in institutional cross-border transaction volume. (The Block)
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Coinbase
Pacific
The Block
CoinFund Founder: Anthropic’s Compliance Measures Highlight Centralization Risks in AI; Decentralized AI Could Emerge as a Key Counterbalance
Jake Brukhman, founder of CoinFund, stated that Anthropic’s latest export-control compliance measures reflect the growing regulatory focus on frontier AI models. He believes that building open, sovereign, decentralized AI networks will become a critical direction for industry development.
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EDGE Markets Secures $29.2 Million Series A Funding Led by CoinFund
EDGE Markets, a financial infrastructure for cryptocurrency and prediction markets, has announced the completion of a $29.2 million Series A funding round, led by CoinFund, with participation from Indicator Ventures, Mantis VC, StepStone Group, and Bullpen Capital. The new funds will be used to launch EDGE Pro, a high-throughput capital account product for market makers, which can connect to U.S. CFTC-regulated exchanges for real-time fund transfers. Leveraging a unified clearing and margin management system, it aims to enhance institutional capital efficiency. The company is also currently advancing its applications for NFA Introducing Broker and Futures Commission Merchant licenses. (Prnewswire)
Bullpen
Definitive
Edge Network
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Mantis