Japan’s SBI Holdings is planning to create a joint venture investment company with U.S. asset manager Franklin Templeton with a focus on digital assets. SBI will have a 51% to Franklin Templeton’s 49%.
The Nikkei first reported the news saying it was in preparation for offering digital asset ETFs in Japan following the launch of spot Bitcoin and Ether ETFs in the United States. Franklin Templeton has ETFs for both cryptocurrencies and is eyeing a potential Solana ETF. In Europe there’s a staked Solana ETP managed by 21Shares with a market capitalization of more than $1 billion, making it Europe’s third largest crypto ETP.
Subsequently, Franklin Templeton confirmed the planned SBI collaboration in Japan will target ETFs and emerging asset classes including digital assets and cryptocurrencies.
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