Japan's SBI and Rakuten Plan to Launch Crypto Investment Trust Products

iconPANews
Share
This is the logo of the coin.
BTC
$64,510.600.69%
This is the logo of the coin.
ETH
$1,872.621.73%
AI summary iconSummary
Japan’s SBI and Rakuten plan to launch cryptocurrency investment trust products, according to PANews. SBI Securities will offer funds focused on high-liquidity cryptocurrencies such as Bitcoin and Ethereum, developed by its subsidiary SBI Global Asset Management. Rakuten Securities aims to enable trading of these products through smartphone apps via collaboration with group affiliates. A Nikkei survey shows that 11 of 18 major Japanese brokers are considering similar offerings once regulations are finalized. The move follows ongoing debates over whether cryptocurrencies should be classified as securities or commodities, alongside growing interest in liquidity and crypto markets.

PANews, May 17: According to the Nikkei Asian Review, SBI Securities and Rakuten Securities plan to offer cryptocurrency investment trust products, while several major brokerages including Nomura Securities have indicated they will consider following suit once a regulatory framework is established. Nikkei surveyed 18 major brokerages, and 11 indicated they would consider offering such products after regulations are implemented. SBI Securities plans to sell funds developed by its subsidiary, SBI Global Asset Management, including ETFs and investment trusts covering highly liquid cryptocurrencies such as Bitcoin and Ethereum, with all development and sales handled internally within the group. Rakuten Securities also plans to develop products in collaboration with group affiliates such as Rakuten Investment Management, aiming to enable trading of cryptocurrency investment trusts via its mobile app.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.