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.