SBI, Rakuten, Nomura line up to launch crypto investment trusts: Report
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- SBI Securities will launch crypto investment funds, including ETFs and trusts focused on Bitcoin and Ethereum, developed and distributed entirely in‑house by SBI Global Asset Management.
- Rakuten Securities is building crypto investment products with Rakuten Investment Management that can be traded directly through its smartphone app.
- Nomura has announced plans to develop crypto investment trusts, while Daiwa, SMBC Group and Mizuho’s Asset Management One are also evaluating similar products.
- Financial Services Agency is set to revise the Investment Trust Act by 2028 to formally allow cryptocurrencies as specified assets, after reclassifying crypto as financial instruments under the Financial Instruments and Exchange Act slated for fiscal 2027.
- SBI Holdings has outlined proposals for a Bitcoin‑XRP dual ETF and a gold‑crypto ETF, pending regulatory approval, as part of broader plans to introduce spot crypto ETFs by 2028.
Why it matters: Japanese retail investors gain direct crypto exposure without opening separate exchanges, while traditional brokerages capture new fee revenue as the FSA’s 2028 rule change unlocks a multi‑billion‑dollar market.
