{"id":48823,"date":"2021-09-03T11:35:14","date_gmt":"2021-09-03T08:35:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48823"},"modified":"2025-09-02T09:22:15","modified_gmt":"2025-09-02T06:22:15","slug":"sbi-holdings-to-launch-japans-first-crypto-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sbi-holdings-to-launch-japans-first-crypto-fund\/","title":{"rendered":"SBI Holdings to launch Japan&#8217;s first crypto fund"},"content":{"rendered":"<p>The Japanese financial conglomerate SBI Holdings plans to launch the country\u2019s first cryptocurrency fund by the end of November, <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-02\/first-crypto-fund-in-japan-targets-long-term-retail-investors?sref=AACmJ2tc\\\">Bloomberg<\/a> reports.<\/p>\n<p>According to one of the group&#8217;s top executives, Tomoi Asakura, the fund will invest in Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and, possibly, other digital currencies.<\/p>\n<p>Its assets could reach \u201chundreds of millions of dollars,\u201d he added.<\/p>\n<p>The minimum investment will be 1\u20133 million yen (about $9,088\u2013$27,264).<\/p>\n<p>The fund targets individuals who recognise the risks associated with cryptocurrencies, including volatility, Asakura noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI want people to hold this product alongside other assets and, through their own experience, see how useful it can be for diversifying portfolios,\u201d he said.<\/p>\n<\/blockquote>\n<p>If the first crypto fund is successful, the company intends to launch a second later, Asakura said.<\/p>\n<p>Earlier in March 2021, SBI Holdings <a href=\"https:\/\/forklog.com\/en\/news\/banking-giant-sbi-holdings-launches-mining-pool\">launched a mining pool<\/a>.<\/p>\n<p>The group also announced <a href=\"https:\/\/forklog.com\/en\/news\/sbi-holdings-to-form-joint-cryptocurrency-venture-with-foreign-firms\">creation<\/a> of a joint cryptocurrency venture with overseas partners and <a href=\"https:\/\/forklog.com\/en\/news\/sbi-holdings-and-smfg-announce-launch-of-a-blockchain-based-digital-securities-exchange\">launch of a blockchain exchange<\/a>.<\/p>\n<p>In 2016, SBI Holdings formed the joint venture SBI Ripple Asia with the XRP issuer, the fintech company Ripple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese financial conglomerate SBI Holdings plans to launch the country\u2019s first cryptocurrency fund by the end of November, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":48824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1847],"class_list":["post-48823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sbi-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48823"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48823\/revisions"}],"predecessor-version":[{"id":48825,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48823\/revisions\/48825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48824"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}