Franklin Templeton Exec: Krypto Anlag class has thematic tailwind

Franklin Templeton Exec: Krypto Anlag class has thematic tailwind

Although Franklin Templeton Krypto is optimistic about the asset class, the asset manager strives for more regulatory clarity before offering ETFs that concentrate on the segment.

As of April 30, the company, California, in San Mateo, California, managed assets of around $ 1.45 trillion and has customers in more than 150 countries.

"Franklin Templeton understands that cryptocurrencies represent various tokenomics from blockchain and distributed-Ledger technology systems," Roger Bayston, Head of Digital Assets at Franklin, told Blockworks.

"We believe that they are an asset class that has a lot of thematic tailwind because the industries begin to open up the potential of the blockchain and create new types of digital assets."

According to ETF.com, the company has 55 ETFs that are traded in the United States with a total assets of almost $ 1.7 billion. Bayston said that Franklin Templeton is monitoring the regulations on ETFs and considering this provision mechanism in order to give customers access to important blockchain investment strategies.

Although competing asset managers such as Blackrock and Fidelity have recently launched ETFs that are concentrating on blockchain technologies, Franklin Templeton still thinks about the right time for starting.

"We expect quality products to offer if the regulatory landscape offers this option for investors," said Bayston.

Last week's linkedIn job advertisements indicate that Franklin Templeton is looking for an investment research analyst for his crypto-asset management team.

The analyst would cover assets such as Bitcoin and Ether, develop and maintain evaluation models and keep managers up to date on protocol regulations, staking and business opportunities, according to the announcement. He or she would also help with the development and management of new products in the crypto-asset area.

The company did not comment on other crypto -related roles that could try to occupy it.

Other participation in crypto

Franklin Templeton unveiled an official registration in September that it prepared a risk capital fund that focused on the blockchain area. The document shows that the company had previously raised $ 10 million for the fund and wanted to raise a further $ 10 million before the start.

Bayston confirmed that the company recently completed the fund procurement for the fund, but did not comment on the details of the fund, such as its final size.

"Franklin Templeton is active in projects over the entire life cycle of blockchains, of investment activities in the early phases in which new protocols and companies are set up on these protocols, up to advice on various portfolio constructions of more sophisticated and more widespread blockchain," he said.

The parent company of the fund group made a strategic investment In April in April.

Roger Paradiso, Head of Product Solutions at Franklin Templeton, said in a statement that the company would try to offer its partner companies, consultants and customers recommended solutions within the investment class.

. .

The contribution Franklin Templeton Exec: Crypto Asset Class Has 'Thematic Tailwinds' is not a financial advice.