It looks like asset manager Franklin Templeton is planning to incorporate Bitcoin and Ethereum trades into their system. In addition, the company has recently listed two job postings to tap into the ever so-growing crypto economy.
Under the trader description:
“We are looking for a Crypto Currency Trader to execute trades for several strategies using the largest, most liquid listed and tradable crypto-assets (e.g., BTC, ETH, etc.). In addition, the Trader will be responsible for timely execution of portfolio rebalancing and supporting work processes involving reconciliation and settlement.”
Under the researcher description:
“We are looking for an investment Research Analyst – Crypto Currency to provide research coverage for the largest, most liquid listed and tradable crypto-assets (e.g., BTC, ETH, etc.). 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.”
The $1.5 trillion firm looks very interested in cryptos lately. In late July, the firm had backed a Galaxy Digital fund that chases venture opportunities in the crypto economy.
However, Franklin Templeton planned crypto hires are very much direct. The roles will have to execute crypto strategies and build relationships with blockchain developer communities. Also, they’ll have to create new crypto products for the mutual fund issuer and money manager.
But it’s still not entirely clear if the firm’s crypto trading will directly involve cryptocurrencies. This is because the trading job description also calls for experience in derivatives and futures markets.