SBI Holdings, a Japanese tech giant, has launched a cryptocurrency fund for institutional investors. The fund, which is designed to provide investors with exposure to a diversified portfolio of cryptocurrencies, is seen as a significant step towards the mainstream adoption of cryptocurrency in Japan.
Crypto Fund
The launch of the fund is part of a broader effort by SBI Holdings to expand its presence in the cryptocurrency market. The company has been actively investing in cryptocurrency-related businesses and has partnered with several cryptocurrency exchanges and trading platforms.
The fund has over ¥10 billion in assets under management.
We are committed to providing institutional investors with the tools and services they need to participate in the cryptocurrency market, said a spokesperson for SBI Holdings.