TechFlow News, May 17: According to the Nikkei, SBI Securities and Rakuten Securities have explicitly announced plans to launch cryptocurrency investment trusts following regulatory liberalization.
A Nikkei survey of 18 major securities firms found that 11 indicated they would consider offering such products once the regulatory framework is established; major firms including Nomura Securities are also actively evaluating follow-up measures.
SBI Securities plans to offer funds developed by its subsidiary SBI Global Asset Management, covering ETFs and investment trusts focused on highly liquid cryptocurrencies such as Bitcoin and Ethereum; both product development and distribution will be conducted entirely in-house. Rakuten Securities intends to jointly develop its own products with group members—including Rakuten Investment Management—and enable convenient trading of cryptocurrency investment trusts via its smartphone app.
