Tokyo’s biggest financial services company releases a cryptocurrency asset fund, which is the first available for retail investors in Japan.  Covered SBI’s Crypto Asset Portfolio Details Of SBI’s Plan For Investors SBI’s Crypto Asset Portfolio Japan retail investors can now invest in cryptocurrencies through the SBI Group. On December 17th, Tokyo’s biggest financial services firm […] The post Tokyo SBI’s ‘Cryptocurrency Asset Fund’ Launches in Japan appeared first on CryptosRus.

Tokyo SBI’s ‘Cryptocurrency Asset Fund’ Launches in Japan

Tokyo’s biggest financial services company releases a cryptocurrency asset fund, which is the first available for retail investors in Japan. 

Covered

  • SBI’s Crypto Asset Portfolio
  • Details Of SBI’s Plan For Investors

SBI’s Crypto Asset Portfolio

Japan retail investors can now invest in cryptocurrencies through the SBI Group. On December 17th, Tokyo’s biggest financial services firm (SBI) announced the release of its new ‘crypto-currency asset fund,’ which will contain seven crypto-currencies. The ‘crypto-asset fund’ will be diversified into no more than twenty percent of each crypto-asset and include the following: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Chainlink (LINK), and Polkadot (DOT).

Source: SBI

In the press release, SBI referred to the fund as “Japan’s first crypto-currency fund for general investors.” The fund will be traded and managed under SBI Alternative Fund GK, and the initial application period for investors to join is currently being held between December 17th (2021) and January 31st (2022). The press release also warns investors of the potential high risk (thus high reward) with precautions including:

“Investing in this product will be greatly affected by the price trends of cryptocurrency assets. Since the price of crypto assets is extremely volatile, only experienced investors who can withstand the risk and can evaluate the risk are suitable for investing in this product. Since it is not suitable for all customers, it can only be purchased by customers who meet certain standards set by us.”

In other words, only wealthy individuals who can afford to lose a great deal of fiat are allowed to participate in the fund.

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Details Of SBI’s Plan For Investors

The fund aims to secure at least $88M with “no upper limit.” Interested investors must provide no less than 5 million yen ($44,000) to be considered. Therefore, this fund is only available to investors with relatively deep pockets. Additionally, the fund cannot be canceled at any time for at least one year. Further criteria for retail investors include an age range (must be between 20 and 70 years old), and their investment policy must have an “emphasis on positive gains on price increases.”

SBI’s new crypto-asset fund will aim to reduce investment risk by time diversification. The company will invest at least 1 million yen for each purchase. Each crypto-asset  capped at a maximum ratio of 20% in the portfolio and investments allocated according to the market cap ratio. During the first three months, the fund will attempt to buy cryptos at advantageous prices and seek to liquidate holdings in the three months thereafter to reduce risk. The press release also mentions the growing popularity of NFTs and the potential of the SBI group delving into Bitcoin futures ETFs.

The launch of Japan’s first ‘crypto asset fund’ is the latest addition to SBI’s involvement in the crypto space. SBI has been self-mining digital assets since August 2017 and has recently invested in a Singaporean crypto exchange.

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