Franklin Templeton and SBI Holdings have formed a joint venture to create a new cryptocurrency ETF management company, with the MoU signed on July 26. This partnership aims to offer diversified crypto-based investment options, particularly targeting younger investors in Japan, leveraging SBI’s strong brand presence and Franklin Templeton’s expertise in digital assets. The venture is expected to introduce spot crypto ETFs in Japan, subject to regulatory approval, following the recent launch of spot Ether ETFs in the U.S. The collaboration underscores both firms’ commitment to advancing Web3 and digital asset technologies.
Source: Cointelegraph