Japan’s SBI Holdings (OTC:SBHGF) has teamed up with U.S. investment firm Franklin Resources Inc.‘s (NYSE:BEN) subsidiary Franklin Templeton to establish a digital asset management company. This venture aims to prepare for the potential approval of Bitcoin (CRYPTO: BTC) and cryptocurrency exchange-traded funds in Japan.
What Happened: The new company, in which SBI will hold a 51% stake and Franklin Templeton the remaining 49%, is set to launch as early as this year. With approximately $1.6 trillion in assets under management, Franklin Templeton is the world’s seventh-largest asset manager, reported Nikkei on Friday.
While Franklin Templeton has traditionally focused on asset classes such as stocks and bonds, it has recently expanded into digital assets.
The firm was among the first to venture into spot Bitcoin ETFs after they were approved by the U.S. Securities and Exchange Commission in January. The cumulative inflows into these ETFs have surpassed $16 billion in just over six months.
See Also: Senator Cynthia Lummis Slams Biden …
Full story available on Benzinga.com
Japan’s SBI Holdings (OTC:SBHGF) has teamed up with U.S. investment firm Franklin Resources Inc.‘s (NYSE:BEN) subsidiary Franklin Templeton to establish a digital asset management company. This venture aims to prepare for the potential approval of Bitcoin (CRYPTO: BTC) and cryptocurrency exchange-traded funds in Japan.
What Happened: The new company, in which SBI will hold a 51% stake and Franklin Templeton the remaining 49%, is set to launch as early as this year. With approximately $1.6 trillion in assets under management, Franklin Templeton is the world’s seventh-largest asset manager, reported Nikkei on Friday.
While Franklin Templeton has traditionally focused on asset classes such as stocks and bonds, it has recently expanded into digital assets.
The firm was among the first to venture into spot Bitcoin ETFs after they were approved by the U.S. Securities and Exchange Commission in January. The cumulative inflows into these ETFs have surpassed $16 billion in just over six months.
See Also: Senator Cynthia Lummis Slams Biden …
Full story available on Benzinga.com
Japan’s SBI Holdings (OTC:SBHGF) has teamed up with U.S. investment firm Franklin Resources Inc.‘s (NYSE:BEN) subsidiary Franklin Templeton to establish a digital asset management company. This venture aims to prepare for the potential approval of Bitcoin (CRYPTO: BTC) and cryptocurrency exchange-traded funds in Japan.
What Happened: The new company, in which SBI will hold a 51% stake and Franklin Templeton the remaining 49%, is set to launch as early as this year. With approximately $1.6 trillion in assets under management, Franklin Templeton is the world’s seventh-largest asset manager, reported Nikkei on Friday.
While Franklin Templeton has traditionally focused on asset classes such as stocks and bonds, it has recently expanded into digital assets.
The firm was among the first to venture into spot Bitcoin ETFs after they were approved by the U.S. Securities and Exchange Commission in January. The cumulative inflows into these ETFs have surpassed $16 billion in just over six months.
See Also: Senator Cynthia Lummis Slams Biden …Full story available on Benzinga.com Read More$BTC, ARKB, Asia, BEN, Bitcoin, BITO, BTF, Cryptocurrency, Equities, EZBC, FBTC, Franklin Templeton, HODL, IBIT, Japan, Kaustubh Bagalkote, News, SBHGF, SBI Holdings, Global, Markets, BEN, US3546131018, BTF, US1015411002, SBHGF, HODL, $BTC, BITO, IBIT, FBTC, EZBC, ARKB, News, Equities, Cryptocurrency, Asia, Global, Markets, Benzinga Markets
