Gumi Cryptos and SBI Group launch ¥3 billion Bitcoin and altcoin fund backed by Daiwa.
VC & Fundraising ·
Gumi Cryptos and SBI Group have announced a ¥3 billion fund focused on Bitcoin and altcoin investments, with backing from Daiwa. The initiative brings together two major players in Japan's crypto ecosystem: Gumi through its crypto-focused subsidiary and SBI, a Tokyo-listed financial conglomerate operating across brokerage, banking, and digital-asset divisions.
The fund's launch reflects accelerating momentum in Japan's crypto market following recent regulatory shifts. In April 2026, Japan reclassified over 100 cryptoassets—including XRP—from payment instruments into financial instruments, aligning them with stocks and bonds. Simultaneously, proposed tax reforms would reduce the top rate on crypto gains from up to 55% to a flat 20%, matching treatment of listed equities. These changes remove structural barriers that historically deterred mainstream Japanese savers from digital-asset exposure.
The partnership taps SBI's existing infrastructure across exchange operations, custody, and mining, combined with Daiwa's institutional backing. Whether additional details on fund structure, allocation strategy, or launch timing will emerge remains unclear. The move follows concurrent activity in tokenized assets and stablecoin settlement within Japan's financial system.