**Franklin Templeton and SBI Holdings Team Up for Crypto ETF Venture**

Asset management giant Franklin Templeton is partnering with Japan's SBI Holdings to launch a new cryptocurrency exchange-traded fund (ETF) management company. The collaboration aims to provide younger investors with diversified investment options.

- **MoU Signed**: The firms signed a Memorandum of Understanding on July 26.

- **Target Audience**: The venture focuses on the "new generation of investors" in Japan.

- **Strategic Goals**: Franklin Templeton's CEO, Jenny Johnson, emphasized the alignment with SBI's strong brand among younger audiences.

- **Web3 Promotion**: SBI Holdings' CEO, Yoshitaka Kitao, highlighted the firm's commitment to advancing Web3 businesses.

- **Regulatory Approval**: The launch of crypto ETFs in Japan will depend on regulatory developments.

This partnership follows the recent launch of the first spot Ether ETFs in the U.S., signaling growing interest in crypto-based investment products.