Saturday, June 25

SBI Group Launches Crypto Asset Fund For Japanese Investors By CoinTelegraph

© Reuters. SBI Group Launches Crypto Asset Fund For Japanese Investors

Tokyo’s largest financial services company, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies through its recently launched “crypto asset fund.” The fund is comprised of seven cryptocurrencies, including (), (ETH), (LTC),, (BCH), Chainlink (LINK), and (DOT).

The crypto asset fund, which will be traded and operated by the SBI Alternative Fund, was established on December 2 with a dedicated capital of 5 million yen, worth approximately $ 45,000 at the time of writing. However, the company may choose to release the capital in small breaks of 1 million yen each.

  • SBI Holdings invests in Singaporean crypto exchange Coinhako

Source: SBIS According to the official statement, investors will have to go through an application process that includes an anonymous partnership agreement with previous purchases from the SBI Alternative Fund. The company’s reasoning behind this move reads:

Read the full article on Cointelegraph

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