Franklin and SBI Holdings Collaborate to Establish Asset Management Company in Japan Offering Digital Asset Products

Franklin and SBI Holdings Collaborate to Establish Asset Management Company in Japan Offering Digital Asset Products

Franklin and SBI Holdings Collaborate to Establish Asset Management Company in Japan Offering Digital Asset Products

Japanese financial group SBI Holdings announced on Friday (26th) that it has signed a memorandum of cooperation with the asset management giant Franklin Templeton to jointly establish an asset management company in Japan. This joint venture company will provide Japanese investors with emerging asset products such as Exchange Traded Funds (ETFs) and digital assets.

According to a press release from SBI Holdings, SBI will hold 51% of the shares in the joint venture company, while Franklin will hold 49%. According to a report by Cointelegraph, Franklin Templeton’s President and CEO Jenny Johnson stated that the goal of this joint venture company is to allow “a new generation of investors” to better access a more diverse range of investment tools. She wrote:

Reportedly, this new joint venture enterprise may provide more opportunities for young investors to access cryptocurrency ETFs and inject new capital into digital assets, thereby promoting price increases. According to SBI Holdings President and CEO Yoshitaka Kitao, the company aims to further promote its Web3 business through its new joint venture company. He stated:

If approved by regulators, cryptocurrency ETFs will be launched in Japan.

Franklin Templeton’s Ether Spot ETF (stock code EZET) was listed for trading earlier this week, and the company also listed a Bitcoin Spot ETF in January. When asked about the possibility of launching a cryptocurrency spot ETF in Japan, a Franklin Templeton spokesperson told Cointelegraph that once the regulatory framework allows, it could become a reality.