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SBI Launches Crypto Investment Fund for Japanese Investors

SBI Group, Japan’s largest fintech company, allows ordinary Japanese investors to buy cryptocurrencies through its “Crypto Asset Fund.”

SBI’s crypto asset fund consists of seven major cryptocurrencies: Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink, and Polkadot.

The crypto-asset fund, traded and operated by SBI Alternative Fund, was established on Dec. 2 with an initial capital of 5 million yen, equivalent to only about $45,000.

To do so, investors must go through an application process that includes an anonymous partnership agreement with SBI Alternative Fund.

In addition, crypto investments are managed by anonymous affiliates of SBI VC Trade, a subsidiary active in cryptocurrency trading. It is intended to ensure that none of the seven cryptocurrencies in the fund exceeds 20%.

SBI limits the fund’s duration to 20 to 70 years and locks in a three-month period at each purchase “with the goal of reducing investment risk by spreading it over time.” The company readjusts the investment rate each month.

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