CoinDesk Podcast Network Invesco Takes Over Superstate’s $900M Fund; Franklin Crypto in Focus
Apr 6, 2026
Michael Reinking, NYSE market strategist giving macro outlook; Robert Leshner, Superstate CEO building tokenization infrastructure; Chris Perkins, CEO of 250 Digital Asset Management and incoming head of Franklin Crypto. They discuss Invesco managing a $900M tokenized T-bill fund, institutional push for tokenized and active crypto solutions, DeFi use cases for tokenized funds, and macro forces shaping crypto markets.
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Miners Pivoting To AI Infrastructure
- Bitcoin miners are repurposing power, land and compute to host AI GPUs as mining economics weaken after the halving.
- Bitfarms targets zero BTC on its balance sheet and miners with AI exposure trade ~12x revenue versus ~6x for pure miners, per CoinShares.
Franklin Crypto Built On Four Priorities
- Chris Perkins described Franklin Templeton's acquisition of 250 Digital and the launch of Franklin Crypto as meeting institutional demand.
- He emphasized four business priorities: people, clients, strategy and controls to scale liquid and active crypto strategies.
Combine ETFs With Tokenized Wrappers
- Use tokenization alongside ETFs to offer 24/7 market access and new wrappers for products.
- Perkins: keep ETFs but add tokenized and active strategies to provide clients multiple scalable options.