The fund manager has formally established Franklin Crypto, its dedicated digital asset management division.
The BAGEY fund is issued onchain, with the blockchain serving as the register of record.
Snyder had an unconventional route to founding and selling the crypto ETP issuer.
The transaction with Trian and General Catalyst is expected to close on 30 June 2026.
ETF product innovation has collapsed the time taken to incorporate IPOs.
The business is working with Apollo, Franklin Templeton and J.P. Morgan Asset Management.
Mirae Asset is the first manager in Asia to bring its existing ETF exposure onchain.
Active ETFs accounted for 84% of all new U.S ETFs last year.
This is among the first GENIUS Act-aligned funds to support stablecoin issuance at scale.
