Key Takeaways:
- Franklin Templeton and SBI Holdings have formed a joint venture to launch Bitcoin and Ethereum ETFs in Japan.
- Japan’s favorable regulatory environment for digital assets makes this an opportune time for such an initiative.
- The partnership leverages Franklin Templeton’s experience in digital assets and SBI’s strong local brand presence.
YEREVAN (CoinChapter.com) — Franklin Templeton and SBI Holdings are joining forces to introduce Bitcoin and Ethereum ETFs in Japan. This partnership aims to make digital asset investment more accessible to Japanese investors. Franklin Templeton, with $1.6 trillion in assets under management, and SBI Holdings, a leading financial services firm in Japan, have signed a Memorandum of Understanding (MoU) to establish a joint venture. This new entity will focus on launching and managing these ETFs under Japan’s evolving regulatory framework.
Franklin Templeton and SBI to Launch Bitcoin and Ethereum ETFs in Japan
Japan’s regulatory environment is becoming more favorable for digital assets, making this a timely move. Franklin Templeton’s experience with tokenized money market funds and digital assets-backed ETFs in the US will play a crucial role in this new venture.
Jenny Johnson, President and CEO of the company , highlighted the partnership’s significance.
“This aligns well with our commitment to help this new generation of investors achieve their goals through our future-focused investment solutions,”
Johnson stated. The partnership will also benefit from SBI’s strong brand presence among Japan’s younger audience.
Franklin Templeton operates a $450.88 million spot Bitcoin ETF listed on Cboe. This experience will be instrumental in launching similar products in Japan.
SBI and Chiliz Expand Digital Asset Offerings with Fan Tokens
This venture is not SBI Holdings’ first foray into the Web3 space. On May 9, they partnered with Chiliz to offer sporting fan tokens in Japan. This partnership involved joining the Chiliz Chain as a node operator. SBI Holdings is actively expanding its digital asset portfolio and enhancing its offerings in the rapidly growing cryptocurrency sector.
Jenny Johnson praised the partnership, noting its strategic importance.
“It represents a tremendous step forward to broaden our client reach and solidify our commitment in the market,”
she said. The partnership aims to attract younger investors and provide them with innovative investment solutions.
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