$1.5 Trillion Asset Manager Franklin Templeton Eyeing Foray Into Bitcoin (BTC), Ether (ETH) Trades

Mutual fund behemoth Franklin Templeton is the most recent to eye the burgeoning crypto business.

Franklin Templeton Makes Crypto Hires

Franklin Templeton, the $1.5 trillion asset supervisor not too long ago shared a number of job postings that point out the mutual funds’ firm may be pivoting towards the digital asset area.

The series of job postings hint that Franklin Templeton is staffing up to execute trades for the two leading cryptocurrencies, bitcoin (BTC) and ether (ETH).

The mutual fund agency posted two job openings earlier this week, one for a dealer and the opposite for a researcher. According to the description, the hired individuals would join the “growing” investment team within Franklin Templeton’s Digital Assets Management division.

One of many job descriptions reads:

“We are looking for a Crypto Currency [sic] Trader to execute trades for several strategies using the largest, most liquid listed and tradable crypto belongings (e.g., BTC, ETH, and so forth.).”

If the recent job postings are anything to go by, it would be Franklin Templeton’s first foray into the digital assets landscape, additional cementing the narrative of crypto belongings as a brand new and rising class of investable belongings.

The job openings reveal that the roles will be tasked with executing crypto strategies, creating relationships with blockchain developer communities, and fostering new crypto products for the company.

That being stated, it isn’t but clear if Franklin Templeton’s crypto hires could be instantly concerned with coin buying and selling. The prospective hire should ideally possess experience in derivatives and futures markets which could be hinting at the firm’s interest in trading regulated bitcoin and ether contracts.

It have to be recalled that this isn’t Franklin Templeton’s first interplay with the blossoming crypto business.

As previously reported by BTCManager, the mutual funds big had introduced it could run a authorities debt fund to file the possession of items within the fund on the Stellar blockchain.

Establishments Doubling Down on Crypto

Besides Franklin Templeton, various other financial institutions are pivoting toward the crypto economy.

BTCManager reported earlier this 12 months how the world’s largest asset supervisor BlackRock is contemplating investing in BTC futures contracts by way of two of its regulated funds.

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