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Franklin Templeton is furthering its reach in the crypto space. After recently filing for a spot market Ether exchange-traded fund in the US, the trillion-dollar global asset management company has invested an undisclosed amount in Blockhead, a Singapore-based crypto news firm.
Established in 2022, Blockhead is known for its coverage of the blockchain and digital asset industry, particularly in Asia.
“This investment is part of our efforts to foster a global ecosystem of digital asset operators that can capitalize on the multitude of benefits that blockchain technology offers,” Kevin Farrelly, director of digital asset management at Franklin Templeton, said in a statement.
The investment will support the launch of BRN, Blockhead’s new research platform, among other initiatives.
Designed for institutional investors and high-net-worth individuals, BRN will offer exclusive market intelligence, data-driven analysis, and insights into the cryptocurrencies and digital assets.
BRN will also delve into key tokens, emerging industry trends, and the broader macroeconomic forces shaping the digital asset landscape.
Franklin Templeton also recently invested in Transparently.AI, a regtech startup based in Singapore. The US-headquartered firm also launched a new China-focused fund in the city-state, aiming to primarily invest in China A-shares and mainland Chinese companies listed on the local bourse for long-term capital appreciation.
See also: US regulator’s approval could trigger bitcoin rush among SEA investors
Editing by Miguel Cordon and Eileen C. Ang
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