Japan’s SBI, Rakuten developing crypto investment trusts in-house: Nikkei
Major Japanese brokerages SBI and Rakuten are developing proprietary cryptocurrency investment trusts to offer retail investors streamlined access via existing brokerage accounts.Summary
Japan's leading online brokerages, SBI Securities and Rakuten Securities, are developing in-house cryptocurrency investment trusts and ETFs to be sold directly to retail investors. This strategy allows customers to hold digital assets within their existing brokerage portfolios, bypassing the need for separate exchange accounts. The move coincides with regulatory shifts by Japan's Financial Services Agency, which plans to integrate cryptocurrencies into the Investment Trust Act by 2028, and a broader push to reclassify crypto under the Financial Instruments and Exchange Act. Other major firms, including Nomura and Mizuho, are also exploring similar offerings as Japan moves toward potentially listing crypto ETFs on the Tokyo Stock Exchange as early as 2027.
(Source：The Block)