Asset manager Franklin Templeton raised $ 10 million for some of the money that will be used to invest in blockchain, but now he’s also raised another $ 20 million for a blockchain venture fund. So read more on our latest blockchain news today.
According to SEC filings, the asset manager plans to raise a total of $ 20 million. Franklin Templeton said in his filing that he raised $ 10 million for a blockchain venture fund, and also said in the filing with the SEC that he intends to raise a total of $ 20 million, it is likely that the fund will invest in startups in the blockchain space, but no further details have been given on what the fund will do in the future. The $ 20 million allocated to the plan fund is small and the company manages $ 1.5 trillion in total assets while being the newest traditional finance firm to have a greater interest in the world of money.
A month ago, Franklin Templeton announced that they were looking for a crypto research analyst to join the team:
“We are looking for an Investment Research Analyst – Cryptocurrencies to provide research coverage of the largest, most liquid and tradable crypto assets (e.g. BTC, ETH, etc.). The analyst is expected to help develop and manage new products in the crypto assets space. “
According to LinkedIn, job openings remain open to applicants and the company invested $ 15 million in a Series A financing round in Amberdata, a digital data company. The company has had its eye on crypto for some time and partnered with cloud-based institutional wallet provider Curv to digitize its stocks in 2019. Headquartered in California, Franklin Templeton was originally founded in New York City and has offices in more than 30 countries. He was named the world’s best-selling fund manager, according to Morningstar data.
The German asset manager Union Invest, the investment arm of the DZ banking group, is taking another small step to offer private investors crypto investments. They will be making BTC as a smaller percentage of some of their funds. As recently reported, portfolio manager David Barthe said the firm is considering adding BTC to its funds in smaller amounts that represent 1-2% of its portfolio, and this will begin at an indefinite time in the fourth quarter.
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