Gumi launches 3 billion yen crypto fund with SBI

2 min read

Japanese game developer Gumi said it will operate a 3 billion yen crypto asset fund with SBI Financial Services, backed by Daiwa Securities Group and other investors. The fund will be run by SBI Crypto Fund, a joint venture owned 51% by SBI Financial Services and 49% by Gumi subsidiary gC Labs, and will invest primarily in Bitcoin and major altcoins using staking, portfolio rebalancing and hedging strategies. Gumi said the vehicle aims to bridge Japan's corporate sector and the crypto market and to build an operational track record ahead of any possible lifting of Japan's ban on crypto exchange-traded funds.

Gumi and SBI will operate a 3 billion yen crypto fund.

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