Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan

Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan

SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets Three months ago, SBI Holdings, often referred to as SBI Group revealed the company was planning to launch a crypto asset fund. At the time, SBI said that the new fund would launch at the end of November, but the official....


Related News

Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Pr...

Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO. Grayscale Debuts Decentralized Finance Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Monday the launch of its newest diversified investment product, the Grayscale....

SBI reportedly looks to launch crypto fund in Japan by December

An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first. Japanese financial conglomerate SBI Holdings is reportedly planning to set up one of the first funds in the country giving investors exposure to crypto. According to a Thursday Bloomberg report, SBI, aiming to have a crypto fund available by the end of November, will offer residents of Japan the opportunity to invest in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XRP, and others. Tomoya Asakura, a director and senior managing executive officer at SBI,....

SVB Financial Group Places Cryptic Bitcoin Message in Annual Report

Late Thursday evening when Gil Luria of Wedbush Securities and Iannounced on Twitterthat Fortress Investment Group (NYSE: FIG) is probably the first public company to purchase and hold Bitcoin, there was an additional filing that same evening I made note to review. This filing with the Securities and Exchange Commission was theannual report (10K) for SVB Financial Group. SVB Financial Group offers "diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Bank, SVB Financial Group {which} provides clients with commercial, investment,....

Coinbase Partners With MUFG to Launch Operations in Japan

Leading US-based cryptocurrency exchange Coinbase announced it will launch operations in Japan yesterday. The exchange will be partnering with Mitsubishi UFJ Financial Group (MUFG), a banking institution with more than 40 million customers, to make it easy for residents of Japan to purchase and sell cryptocurrencies. Coinbase Launches in Japan Coinbase, one of the leading cryptocurrency exchanges in the world, has launched operations in Japan, offering part of its products and services to Japanese customers. The blog post communicating the news confirms Coinbase will strive to offer an....

Japanese Consortium for Blockchain Remittance Launches with 42 Member Banks

A blockchain-centric consortium of banking and financial services institutions in Japan now sees 42 members among its ranks in a concentrated effort to leverage bitcoin’s underlying innovation for payment and settlement solutions. The consortium, planned in collaboration between Japanese financial services firm SBI Holdings and its subsidiary SBI Ripple Asia, was discussed as early as August 2016. The working group was to be created to focus on blockchain-based payment and settlement services. More specifically, the group of banks sought to address the increasing new trend of real-time,....