Franklin Templeton Partners with SBI Holdings to Launch Crypto ETF Management Company

Odaily News Franklin Templeton has partnered with SBI Holdings to establish a new cryptocurrency ETF management company. The two companies officially signed a memorandum of understanding (MoU) for the joint venture on July 26. The new company aims to provide young investors with more diversified investment tools, especially cryptocurrency ETFs. Franklin Templeton President Jenny Johnson said that SBI's brand has a wide influence among young people in Japan, and the cooperation will make top financial capabilities more accessible. SBI Holdings President Yoshitaka Kitao said that the company will further promote the development of Web3 business through the new joint venture. A spokesperson for Franklin Templeton revealed that as Japan's regulation of digital assets and cryptocurrencies develops, the new joint venture will launch related products. (Cointelegraph)