Franklin Templeton Seeking to Hire Crypto Trader, Researcher

$1.5 trillion fund manager Franklin Templeton building out investment team focused on bitcoin, Ether.

article-image

Blockworks exclusive art by Axel Rangel

share

key takeaways

  • Crypto trader to trade for strategies using “the largest, most liquid listed and tradable crypto assets,” according to Sept. 1 job posting
  • Research analyst will keep portfolio managers and senior executives informed of various protocol regulatory, staking and business opportunities

Franklin Templeton is seeking to hire a cryptocurrency trader and research analyst as it builds out a new investment unit focused on the space. 

The San Mateo, California-based fund group managed $1.56 trillion in assets, as of the end of July. The company, which acquired competing asset manager Legg Mason last year, becomes the latest traditional financial services titan looking to dabble in the crypto space.

Franklin is looking for a cryptocurrency trader to execute trades for strategies using “the largest, most liquid listed and tradable crypto assets,” such as bitcoin and Ether, according to a Sept. 1 job post. 

“The quantitative trader will also bring a process automation mindset to build or work with developers to construct tools to support the platform’s growth,” the listing states. “The trader will add insight and develop quantitative trading strategies.”

The firm is also seeking to hire a crypto research analyst, according to a separate listing published on the same day. 

“This person will develop and maintain valuation models and keep portfolio managers and senior executives informed of various protocol regulatory, staking and business opportunities,” the post states. “The analyst will be expected to help develop and manage new products in the crypto asset space.” 

The trader will join Franklin Templeton’s digital asset management team, while the research analyst would be added to a crypto asset management unit, the job postings indicate. It is unclear if these are two separate divisions.

A spokesperson for Franklin Templeton did not immediately respond to Blockworks’ request for comment.

Anthony Hardy, a research analyst for Franklin Templeton’s equity group, wrote in a March blog post that a search for inflation hedges and returns in a low interest rate environment were among the factors driving the runup of bitcoin’s price. The rise of decentralized finance and institutional adoption also contributed, he added.

Hardy wrote at the time that the birth of a new financial and internet ecosystem can co-exist with the current one, noting that these trends are likely to play out over the course of many years. 

“My view is that crypto is here to stay,” he said. “There will undoubtedly be future bull and bear markets, but in my view, the technological feat of solving for digital scarcity and the innovations currently happening in the space cannot be forgotten.”

The job postings come as fellow large financial companies have entered the crypto space. 

Goldman Sachs revealed in May that it would offer bitcoin derivatives to clients as well as opening a dedicated trading desk for cryptocurrency. 

In June, custody bank State Street, which oversees $40 trillion in assets, launched a new division focused on the shift to digital finance, and Bank of America announced about a month later that it was set to begin research coverage of cryptocurrency and digital assets.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

AERODROME TEMPLATE.png

Research

Aerodrome is a "MetaDEX" that combines elements of various DEX primitives such as Uniswap V2 and V3, Curve, Convex, and Votium. Since its launch on Base, it has become the largest protocol by TVL with more than $495B in value locked, doubling Uniswap's Base deployment.

article-image

Plus, a look into US spot BTC funds six months into trading

article-image

A Swedish energy-focused project named Srcful proposed to become a Helium subnetwork with its own ENERGY token

article-image

Securitize CEO Carlos Domingo thinks BUIDL will potentially hit its next $500 million milestone in just a few months

article-image

Representatives on Thursday opted to back President Biden and uphold his veto of the legislation that sought to invalidate SAB 121

article-image

The former Valkyrie CEO chats with Blockworks about what she has her eye on as Cypherpunk Holdings’ new leader

article-image

Thursday’s CPI report shows prices are coming down more quickly than analysts had anticipated, renewing hope that central bankers will cut rates in the fall