Monetary companies firm SBI Group launches diversified crypto funds in Japan

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SBI Group, the financial services group of companies headquartered in Tokyo, Japan, has announced the launch of a crypto asset fund made up of seven different digital currencies. The crypto fund launched by the Japanese company includes Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Chainlink and Polkadot.

The new crypto fund of the SBI Group uses 7 different digital assets

Three months ago, SBI Holdings, often referred to as SBI Group, announced that the company was planning to launch a crypto asset fund. At the time, SBI said the new fund would be launched in late November, but the official launch press release was released on December 17th. In addition to the press release, SBI also published a more detailed summary of the Digital Monetary Fund.

SBI’s crypto fund consists of Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), xrp (XRP) and Bitcoin Cash (BCH). The financial services company calls it “Japan’s first general investor cryptocurrency fund”. Japanese investors need to “fully understand the nature of crypto assets and the risks associated with investing in crypto assets,” the press release said.

Financial services company SBI Group launches diversified crypto funds in Japan

The application deadline to invest in SBI’s new crypto fund runs between December 17 and January 31, 2022. The fund is managed under the name SBI Alternative Fund GK and the press release further explains that a future rebalancing of assets after maturity except for now, every crypto in the fund has a ratio of around 20% or less. The new crypto fund contract of the SBI Group runs between February 1, 2022 and January 31, 2023.

SBI Alternative Fund “aims to reduce investment risk through time diversification”

SBI has been in the crypto scene for many years, developing all kinds of products. The company has partnered with Ripple, acquired British crypto service company B2c2, and SBI partnered with Boerse Stuttgart in 2019 to offer crypto services in Europe and Asia. Unlike the early days of cryptocurrency, Japanese crypto regulations have become stricter, greatly slowing the adoption of SBI’s crypto fund.

“First buy and sell to maturity will each take 3 months,” explains SBI’s press release. “The aim is to reduce the investment risk through time diversification. Automatic rebalancing of the allocation of investment quotas once a month, ”says the financial institution’s announcement.

SBI’s new crypto fund has its own web portal and the fund was reportedly launched on December 2nd, 2021. Interestingly, the SBI press release released on Friday mentions the possibility of the SBI Group trading “Bitcoin Futures ETFs” while also promoting the “widespread” use of NFTs (non-fungible tokens) using blockchain technology. “

Tags in this story

BCH, Bitcoin futures etfs, Stuttgart Stock Exchange, BTC, crypto assets, crypto funds, crypto currency funds, diversification, DOT, ETH, general investors, Japan, Japan’s crypto regulation, Japanese investors, LiNK, LTC, due date, NFTs, Rebalancing, Ripple, SBI, sbi group, SBI Holdings, Tokyo, XRP

What do you think of SBI’s new crypto fund? Let us know what you think on this matter in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 4,900 articles for Bitcoin.com News on the disruptive protocols emerging today.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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