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Japanese Crypto Fund SBI and gumi Launch ¥3 Billion Fund
Japanese company gumi, a subsidiary of SBI, has launched a joint crypto fund, SBI Crypto Fund I, with a volume of approximately ¥3 billion, targeting crypto asset management and institutional investors.
AS1 News
XRP
BTCGumi, a Japanese company under SBI, has initiated SBI Crypto Fund I, a crypto investment fund with a volume of about ¥3 billion (roughly $18-20 million). The fund is planned for three years and aims to manage a portfolio of crypto assets, including Bitcoin, XRP, and other tokens. The participation of major players like Daiwa Securities adds institutional credibility to the initiative. While the fund's size is modest relative to global markets, its launch reflects the gradual integration of digital assets into Japan's investment sector.
The launch signifies increased institutional engagement in Japan's crypto market, though the immediate market impact is limited due to the fund's size.