According to DL News, six of Japan’s largest asset managers, collectively managing $2.5 trillion in assets, have expressed interest in launching crypto funds. The firms include Mitsubishi UFJ Asset Management, Nomura Asset Management, SBI Global Asset Management, Daiwa Asset Management, Asemane One, and Amova Asset Management. They plan to offer the new crypto trusts to both retail and institutional investors. The Financial Services Agency (FSA) is reportedly considering allowing investment trusts that incorporate cryptocurrencies, which could accelerate Japan’s crypto adoption. The FSA is also preparing to reclassify major cryptocurrencies as financial products. However, the success of these efforts may depend on tax reforms, as current rules impose high tax rates on crypto profits.
Japan's Top Asset Managers Signal Interest in Launching Crypto Funds
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