SBI and Rakuten Securities Plan Crypto Investment Trust Products

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SBI and Rakuten Securities are preparing to launch cryptocurrency investment trust products, pending regulatory approval. SBI will use its subsidiary, SBI Global Asset Management, to offer funds focused on major cryptocurrencies such as Bitcoin and Ethereum. Rakuten plans to collaborate with group companies to develop mobile-tradable products. Japan’s Financial Services Agency is aiming to revise the Investment Trust Act by 2028 to classify crypto as an asset class and reduce the tax rate to 20%. This update reflects ongoing shifts in global crypto policy and highlights the latest developments in cryptocurrency news.

According to the Nikkei Asia, SBI Securities and Rakuten Securities plan to develop cryptocurrency investment trust products for launch once the regulatory framework is established. SBI Securities will develop funds through its subsidiary SBI Global Asset Management, covering ETFs and investment trusts focused on highly liquid cryptocurrencies such as Bitcoin and Ethereum. Rakuten Securities plans to collaborate with group companies like Rakuten Investment Management to develop products accessible via a smartphone app. Japan’s Financial Services Agency intends to amend the Investment Trust Law enforcement regulations by 2028 to include cryptocurrencies as eligible assets for investment trusts and reduce the tax rate on capital gains to 20%.

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