• Franklin Templeton and SBI Holdings are forming a digital asset management company in Japan.

  • SBI Holdings will own 51% and Franklin Templeton 49% of the venture.

  • The new company aims to launch Bitcoin and crypto ETFs upon regulatory approval.

In a strategic collaboration, Franklin Templeton and SBI Holdings are joining forces to establish a digital asset management company in Japan. The venture aims to prepare for the potential approval of Bitcoin and cryptocurrency ETFs in the country.

NEW: $1.5T Franklin Templeton has partnered with one of Japan's biggest financial services companies, SBI Holdings, to launch a Bitcoin ETF in Japan – Nikkei pic.twitter.com/InWeeIkAfZ

— Bitcoin Archive (@BTC_Archive) July 26, 2024

Ratios of Holding 

SBI Holdings will hold a 51% stake in the joint venture, while Franklin Templeton will own the remaining 49%. With approximately $1.6 trillion in assets under management, Franklin Templeton ranks as the world’s seventh-largest asset manager. 

Although traditionally focused on stocks and bonds, Franklin Templeton has recently expanded into digital assets, including spot Bitcoin ETFs. Japan has yet to approve Bitcoin ETFs, but the new company is poised to launch crypto ETF products as soon as the Financial Services Agency gives the green light. 

The collaboration comes at a time when the cryptocurrency market globally is experiencing significant developments. In January, the Securities and Exchange Commission approved a Bitcoin ETF, marking a pivotal moment for cryptocurrencies. 

Australia also saw the listing of its first-ever Bitcoin spot ETF on its main stock market in June, further boosting the sector. Hong Kong recently launched Asia’s first Bitcoin futures inverse product, signaling continued evolution in crypto-based financial instruments in the region.

The approval of Bitcoin ETFs will allow investors to include this digital asset in their portfolios through traditional brokerage accounts. For diversification, options like the Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest become accessible to investors.

Franklin Templeton and SBI Holdings are establishing a digital asset management company in Japan to prepare for potential Bitcoin and cryptocurrency exchange-traded funds (ETFs). While Japan has yet to approve Bitcoin ETFs, this joint venture seems highly likely to sail through.  

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