Japan's Big Banks Make Crypto Easy: New Investment Funds Coming

Big Japanese banks are about to make buying crypto as easy as buying stocks.

Three of Japan's largest financial companies — SBI, Rakuten, and Nomura — are preparing to launch special crypto investment funds (pools of money that buy cryptocurrencies for you). This means regular people in Japan will soon be able to invest in Bitcoin and other cryptocurrencies without the hassle of setting up special accounts.

How It Works Now vs. What's Coming: • Currently: To buy crypto, you need to open an account on a crypto exchange (special website for buying digital money) or set up a digital wallet (like a virtual safe for crypto) • Soon: You'll be able to buy crypto through your regular bank or investment app, just like buying stocks

What Each Company Is Planning: • SBI Securities will offer funds that invest in popular cryptocurrencies like Bitcoin and Ethereum • Rakuten Securities is building products you can buy directly through smartphone apps • Nomura and Daiwa (two other major banks) have announced similar plans

The Japanese government is changing its rules to officially allow these crypto investment trusts by 2028. An investment trust is like a basket where professional managers put investors' money together to buy various assets — in this case, cryptocurrencies.

Why This Matters: This move removes a major barrier for everyday investors. Instead of learning how crypto exchanges work or worrying about digital wallets, people can invest in crypto through their existing bank accounts. It's like the difference between having to build your own car versus just buying one from a dealer.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/sbi-rakuten-nomura-line-up-to-launch-crypto-investment-trusts-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound