- Franklin Templeton and SBI Holdings to establish digital asset management company in Japan
- Joint venture aims to introduce Bitcoin ETFs and expand into tokenization
Franklin Templeton, a global investment giant, is set to make waves in the Japanese cryptocurrency market. The firm has announced a strategic partnership with SBI Holdings to launch Bitcoin ETFs in Japan, marking a significant step in the adoption of digital assets in the country’s financial landscape.
The collaboration will see the creation of a new digital asset management company, with SBI Holdings taking a majority 51% stake and Franklin Templeton holding the remaining 49%. This joint venture isn’t just about Bitcoin ETFs; it’s also eyeing the promising field of tokenization, which experts predict could grow into a $16.1 trillion market by 2030.
Franklin Templeton’s expertise in the digital asset space is evident from its existing US Bitcoin ETF, which ranks as the tenth largest with $312 million in assets under management. The firm’s commitment to blockchain technology since 2018 has positioned it well for this expansion into the Japanese market, potentially revolutionizing how investors in the country access and trade cryptocurrencies.