Franklin Templeton to launch second blockchain fund as assets exceed $1.4 trillion

Asset manager with more than $1.4 trillion in assets, Franklin Templeton, plans to launch a second blockchain fund. This follows from documents filed with the SEC.

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

The first such structure was created in late 2021 and focuses on venture capital.

In the same year the firm supported the Galaxy Digital-founded crypto fund worth $34 million.

In 2022, Franklin Templeton announced the launch of an ETF focused on metaverses, and then announced strategies for investing in cryptocurrencies.