Gumi and SBI Launch a 3 Billion Yen Cryptocurrency Fund, and Japan Opens Doors for Spot ETFs
Japanese gaming and blockchain firm gumi Inc. has partnered with financial group SBI to launch the SBI Crypto Fund I, starting August 1, 2026. The fund aims to raise 3 billion yen (approx. $18.3 million) and will invest in Bitcoin and major altcoins, using strategies like staking and hedging. SBI Financial Services holds a 51% stake, with gumi's gC Labs owning 49%.
This move aligns with Japan's regulatory shift, where new laws will reclassify digital currencies as financial instruments (effective 2027), paving the way for future spot Bitcoin ETFs and stricter penalties for unregistered crypto activities. Tax rates on crypto gains are also set to drop from 55% to 20% in 2028.
In related developments, SBI VC Trade, a crypto exchange under SBI Holdings, reported its registered accounts recently surpassed 2 million, doubling from 2025. Growth is driven by corporate adoption of Bitcoin and XRP to hedge against yen weakness, and the introduction of yen and dollar-pegged stablecoins. Despite a smaller market than the US or South Korea, Japan's crypto sector is gaining momentum.
cryptonews.ru1 год тому