SBI Securities and Lotte Securities plan to launch cryptocurrency investment trust products

According to Nihon Keizai Shimbun, SBI Securities and Lotte Securities plan to develop cryptocurrency investment trust products, which will be launched after the regulatory framework is established. SBI Securities will develop funds through its subsidiary SBI Global Asset Management, covering ETFs and investment trusts for highly liquid cryptocurrencies such as Bitcoin and Ethereum. Lotte Securities plans to collaborate with members of the Lotte Investment Management group to develop products that can be traded through a smartphone app. The Japan Financial Services Agency plans to revise the implementation order of the Investment Trust Law by 2028, including cryptocurrencies as investment trust assets and lowering the transaction income tax rate to 20%.