Search results for Rakuten Securities
Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan\'s SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
Crypto
Japan\'s SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing
Japan\'s financial firm SBI Holdings is pushing to launch exchange-traded funds holding bitcoin and XRP, aiming for a Tokyo Stock Exchange listing. It has outlined a “SBI Bitcoin/XRP ETF” in investor materials and also proposed a trust that allocates at least 51 percent to a physical gold ETF and up to 49 percent to crypto ETFs. The move comes as Japan revises rules to classify cryptocurrencies as financial products and tighten oversight.
Crypto
Japan to allow bitcoin buys via securities accounts as SBI, Rakuten pursue in-house trusts
Japan’s online brokerages SBI Securities and Rakuten Securities are developing in-house bitcoin and ethereum investment trusts for retail investors. The products would allow clients to gain crypto exposure within existing securities accounts, without opening a separate exchange account or wallet. The move comes as Japan’s Financial Services Agency is reported to be reviewing rules that could allow investment trusts and exchange-traded funds to include crypto assets.