Japan’s SBI announces launch of crypto fund with Bitcoin, Ethereum, 5 more alts
ambcrypto.comJapan’s crypto regulatory scene is considered stringent, while also being relatively open to fintech innovation. To that end, the country’s SBI Group [Strategic Business Innovator Group] announced the launch of a crypto fund for investors.
The press release by the SBI stated,
“This time, the SBI Group will start handling the ‘SBI Cryptocurrency Asset Fund (Tokumei Kumiai No. 1),’ which is the first in Japan…to invest directly in cryptocurrency assets, for general investors.”
According to a detailed notice issued by the company, the seven cryptos on offer are Bitcoin, XRP, Ether, Bitcoin Cash, Litecoin, Chainlink, and Polkadot.
So how will it work? SBI stated that the maximum number of holders is 499 and noted,
“This product is an investment of 5
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