SBI to establish digital asset management firm with Franklin Templeton

SBI Holdings will establish a management company with asset management company Franklin Templeton by the end of this year to primarily handle digital assets. The ban on exchange-traded funds (ETFs) containing encrypted assets (virtual currencies) such as Bitcoin has been lifted in the United States, and Japan is also preparing to relax regulations. The new company will hold 51% of SBI Holdings' shares and 49% of Franklin Templeton's shares.