$1.5 Trillion Asset Manager Is the Latest to Staff Up to Invest in Bitcoin, Ether, and Other Crypto Assets
Asset manager giant Franklin Templeton is the latest one to join the cryptocurrency investor.
While the firm spent years experimenting with blockchain technology, finally, it is hiring to get into cryptocurrency trading.
Back in July, it backed crypto-focused Galaxy Digital fund, and now Franklin Templeton is looking for a trader and researcher to join its “growing” investment team at its Digital Assets Management division, according to a series of job postings this week.
“We are looking for a Crypto Currency (sic) Trader to execute trades for several strategies using the largest, most liquid listed and tradable crypto assets (e.g., BTC, ETH, etc.),” reads the job posting for a trader.
The primary responsibility of the trader in question is to execute automated crypto trades through various cryptocurrency exchanges for various strategies and multiple crypto assets, the description further states.
As for an investment research analyst, the firm is looking for someone who will provide research coverage for the largest, most liquid listed and tradable crypto assets.
“Using both fundamental and quantitative methods, the Research Analyst will develop and maintain valuation models and keep Portfolio managers and senior executives informed of various protocol regulatory, staking and business opportunities.”
For both positions, the people responsible would further build and maintain relationships in each protocol’s community of users, developers, traders, and DAOs.
The asset manager’s crypto investment move comes after its CEO Jennifer Johnson said she was “no fan” of bitcoin during an earnings call in May, and before that, its Chief Market Strategist Stephen Dover said in March that Franklin Templeton held no crypto in any of its portfolios.
But CFO Matthew Nicholls did say that the firm was “focused” on getting ready for crypto. “Having the capability to field, let’s call it, digital assets, in general, is going to probably be important for the future,” he said at the time.