Fun

Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan

News Feed - 2021-12-20 12:12:03

Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan


SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets


Three months ago, SBI Holdings, often referred to as SBI Group revealed the company was planning to launch a crypto asset fund. At the time, SBI said that the new fund would launch at the end of November, but the official launch press release published on December 17. In addition to the press announcement, SBI also published a more detailed summary of the digital currency 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 is calling it “Japan’s first cryptocurrency fund for general investors.” Japanese investors need to “fully understand the nature of crypto assets and risks related to investment in crypto assets,” the press release explains.



The application period to invest in SBI’s new crypto fund is between December 17, and January 31, 2022. The fund will be managed under the name SBI Alternative Fund GK and the press release further explains that future rebalancing of assets can happen after maturity but for now, each crypto in the fund has around 20% or less in ratio. SBI Group’s new crypto fund contract is between February 1, 2022, and January 31, 2023. SBI Alternative Fund ‘Aims to Reduce Investment Risk by Time Diversification’


SBI has been involved in the crypto scene for many years now developing all types of products. The company has collaborated with Ripple, it acquired the UK-based crypto services firm B2c2, and SBI partnered with Boerse Stuttgart in 2019 to offer crypto services in Europe and Asia. In contrast to the early days of crypto, Japan’s crypto regulations have become stricter, slowing SBI’s crypto fund launch down a great deal.


“‘Initial buying’ and ‘selling toward maturity’ will take 3 months each,” SBI’s press release explains. “Aiming to reduce investment risk by time diversification. Automatic rebalancing of investment ratio allocation once a month,” the financial institution’s announcement adds.


SBI’s new crypto fund has its own web portal and the fund was reportedly established on December 2, 2021. Interestingly, the SBI press release published on Friday mentions the possibility of SBI Group dealing with “Bitcoin futures ETFs,” while further mentioning the “widespread use of NFTs (non-fungible tokens) using blockchain technology.” Tags in this story BCH, bitcoin futures etfs, Boerse Stuttgart, BTC, crypto assets, crypto fund, cryptocurrency fund, Diversification, DOT, ETH, general investors, Japan, Japan’s crypto regulations, Japanese investors, LiNK, LTC, maturity date, NFTs, rebalancing, Ripple, SBI, sbi group, SBI Holdings, Tokyo, XRP


What do you think about SBI’s new crypto fund? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for Bitcoin.com News about the disruptive protocols emerging today. Invictus Capital Announces NFT Collection to Give African Artists Global Exposure NEWS | 15 hours ago Survey Shows Millennial Millionaires Plan to Buy More Crypto Next Year Despite Price Volatility NEWS | 19 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleDemand for Mining Hardware Spikes in Russia, Prices Rise Next articleHundreds of Millions Worth of ‘Sleeping Bitcoins’ Woke up After BTC’s Mid-November Price High Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNBA Legend Kevin Durant Joins Coinbase to Help Promote the Crypto Exchange’s Brand


American professional basketball player for the National Basketball Association (NBA) Kevin Durant, is joining Coinbase according to a recent report from Bloomberg. According to the report, Durant will appear as “a face of the brand” and will help promote the ... read more.Robinhood Launches Cryptocurrency Gifts Program USDC Sees Native Launch on Avalanche Illegal Crypto Miners Threatened With Jail Time in Russia Snoop Dogg, Deadmau5 and NFTs — The Sandbox Alpha Game Review

News Feed

Tether mints another $1B USDT on Tron network
Ezra Reguerra14 hours agoTether mints another $1B USDT on Tron networkTether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.4451 Total views4 Total sharesListen to article 0
Alek Hidell10 hours agoGoogle paves way for AI-produced content with new policyA subtle change to the description of Google Search’s helpful content system could very well be the beginning of a new era of content distr
AI Founder Puts XRP Price As High As $20-$30
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brayden Lindrea52 minutes agoWhile Friend.tech booms, decentralized social has a retention problem — ExecsDecentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps
Arkania Protocol Launch Multi-Chain Launchpad Making IDOs Accessible to All
Arkania Protocol Launch Multi-Chain Launchpad Making IDOs Accessible to All press release PRESS RELEASE. Arkania Protocolhas announced its IDO Launchpad for the public, with anti-wh
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
Digital Yuan Giveaway: China"s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital CurrencyA major Chinese city is giving away 10 million yuan in the country’s cen
3AC wallet buys NFT with 3-year-old offer, zkSync denies insider minting claims: Nifty Newsletter
Ezra Reguerra5 hours ago3AC wallet buys NFT with 3-year-old offer, zkSync denies insider minting claims: Nifty NewsletterA wallet owned by the bankrupt hedge fund Three Arrows Capital purchased an NFT via a three-year-ol
Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors
Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors Nasdaq has announced the launch of “Nasdaq Digital Assets” c
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Jesse Coghlan8 hours agoHong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single dayNet outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.3979 T
Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion
Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion A slew of late court filings by lawyers representing Mirror Trading International (M
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country Argentinian citizens involved in the cryptocurrency industry are criticizing a perceived anti-cry
Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network
Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in