SBI Securities and Rakuten Securities are developing crypto investment trusts in-house. Nomura, Daiwa and SMBC plan to follow suit as Japan prepares rules allowing crypto-holding funds by 2028.
SBI Securities and Rakuten Securities have started internal development of crypto investment trusts. The move aligns with Japan's planned regulatory changes to permit funds that hold cryptocurrencies.
SBI Group intends to launch Bitcoin and Ethereum ETFs in Japan following expected regulatory changes. The initiative targets the country's vast household savings pool through familiar brokerage and tax-advantaged channels.
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Three of Japan's biggest banks announced plans to jointly issue a stablecoin by March 2027. MUFG, SMBC and Mizuho will form a council to develop the necessary frameworks.