Tuesday, February 20, 2024

With planned hires, mutual fund behemoth Franklin Templeton is eyeing Bitcoin and Ether trades

Mutual fund giant Franklin Templeton is one of the latest players that appear to be contemplating joining the crypto industry. The firm has recently announced several job openings, which suggest that the $1.5 trillion mutual funds organization could be joining the digital asset field.

The recent job postings indicate that the asset manager is recruiting staff for trade execution of the two largest digital currencies ETH (ether and BTC (bitcoin). The firm posted a couple of job openings recently- one for a researcher and the other for the post of a trader. The job descriptions read that the recruited people would be a part of its “growing” investment team within its division called Digital Assets Management.

Do new job postings hint at Franklin’s interest in crypto trading?

If one considers these two recent job postings, it looks like the firm’s maiden foray into the digital assets ecosystem. These job openings indicate that the new roles would be given the task to develop associations with various blockchain communities. They can be also tasked with promoting new digital currency products for the asset management firm.

However, it is not quite clear whether the mutual funds’ company’s new crypto hire would have direct involvement with coin trading or not. The ideal candidate should have experience in futures markets and derivatives. It could be hinting at the interest of the firm to trade in regulated bitcoin, as well as, ether contracts.

The mutual funds’ company had earlier declared it would have a government debt fund on the Stellar blockchain.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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