Streetbeat News

SBHGF

SBI Holdings, Inc.

http://www.sbinvestment.co.jp

CEO

Yoshitaka Kitao

Industry

Securities and Commodity Exchanges

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Franklin Templeton and Japan's SBI Holdings are launching a digital asset management company to prepare for potential Bitcoin ETFs in Japan. Franklin Templeton, with $1.6 trillion in assets, will hold a 49% stake, while SBI will hold 51%. The venture aims to offer crypto ETF products and digital asset securities once approved by Japan's Financial Services Agency.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 4:28 am

Craig Wright, founder of Bitcoin SV, claims that Yoshitaka Kitao, chairman of SBI Holdings, received $60 million in XRP tokens for promoting Ripple. Kitao, a former board member of Ripple Labs, has been a strong supporter of XRP and has previously stated that every bank in Japan will use XRP by 2025. Wright also mentioned that Jesse Powell, founder of US digital currency exchange Kraken, was another beneficiary of XRP tokens. Kraken suspended trading of XRP in 2021 after the US SEC filed suit against the company, but re-listed the digital currency in 2022.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 2:30 pm

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