Franklin Templeton Partners With SBI Holdings To Launch Digital Asset Management Company

Japan’s SBI Holdings SBHGF has teamed up with US investment firm Franklin Resources Inc.‘s BEN subsidiary Franklin Templeton to establish a digital asset management company. This venture aims to prepare for the potential approval of Bitcoin BTC/USD and cryptocurrency exchange-traded funds in Japan. The new company, in which SBI will hold a 51% stake and Franklin Templeton the remaining 49%, is set to launch as early as this year. Japan is 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.

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