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SBI Subsidiary ‘to Launch Japan’s First Bitcoin, Altcoin Fund’ for Individual Investors
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The Japanese financial giant and crypto heavyweight SBI Holdings has unveiled the nation’s first crypto fund for individual retail investors – although they will need to have deep pockets if they want to take part.
As well as its extensive securities and banking operations, SBI operates or part-owns a number of crypto exchanges, as well as a crypto mining arm. It is also one of Ripple’s closest affiliates. And after another bullish year for the company in crypto, SBI has come good on a promise to unleash a Japan-based crypto fund before the end of 2021, Nikkei reported.
Investors will need to stump up around USD 44,100 to join the fund, which will be made up of seven tokens, including the Ripple-associated XRP and bitcoin (BTC). The firm
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