The global investment management firm Franklin Templeton is probably looking to build a new investment unit focused on crypto.
Why does it matter? With around US$1.56 trillion AUM (assets under management) as of May 31, 2021, Franklin Templeton Investments is a well-known global investment management firm. Founded in 1947, the global firm offers investment management strategies and integrated risk-management solutions to individuals, institutions, pension plans, trusts and partnerships.
Franklin Templeton Investments is the biggest cross-border fund management group in the world. It serves clients in more than 165 countries with presence in 34 countries and more than 12,000 employees.
Franklin Templeton To Hire Crypto Trader And Research Analyst
Franklin Templeton plans to hire crypto trader and researchers to build a new investment unit focused on cryptocurrency.
According to a LinkedIn job posting on Thursday, the multinational investment giant is looking to hire a cryptocurrency trader and cryptocurrency research analyst. The latest hiring can be seen as its efforts to build a new investment unit focused on the new asset class. Both the jobs will be based out of San Mateo, California.
The cryptocurrency research analyst “will be expected to help develop and manage new products in the Crypto Asset space,” Franklin Templeton’s LinkedIn post said.
“We are looking for a Cryptocurrency Trader to execute trades for several strategies using the largest, most liquid listed and tradable crypto assets,” such as bitcoin and Ether, the job post said.
The cryptocurrency research analyst “will be expected to help develop and manage new products in the Crypto Asset space,” the company said.
“We are looking for an Investment Research Analyst – Crypto Currency to provide research coverage for the largest, most liquid listed and tradable crypto assets,” such as bitcoin and Ether, the job post said.
In July, Franklin Templeton CEO Jenny Johnson told Yahoo Finance in an interview that blockchain technology will be “hugely disruptive,” eventually allowing everyday people to place small investments in otherwise inaccessible assets like major real estate projects.
“The tokenization and blockchain are going to be hugely disruptive to the financial services industry,” stated Jenny. “We are at the very, very early stages of that.”
She also added: “It is something I’m spending a lot of time on — my team is spending a lot of time — just trying to think about and understand.”
“Within the space of just over a decade, over a trillion dollars in value has been created. So, clearly, something’s happening here,” said Franklin Equity Group’s Anthony Hardy in a podcast last month.
“There is an actual technological breakthrough that’s happened here. There’s a reason why so much value has been created. And that main breakthrough is this idea of digital scarcity,” Hardy added.
Major Firms Embracing Decentralized Finance
In recent past, many major US corporations have been entering the cryptocurrency space, giving it some legitimacy.
Both Amazon and Walmart have recently posted vacancies, searching for people to lead their cryptocurrency strategies.
Amazon is looking for a “Digital Currency and Blockchain Product Lead” who will be based in Seattle, Washington.
Walmart is planning to hire a “Digital Currency And Cryptocurrency Product Lead” at its office in Bentonville, Arkansas.