The Japanese joint venture will focus on ETFs and other “emerging asset classes,” including digital assets and cryptocurrency.
Asset management giant Franklin Templeton is partnering with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company in another major development for crypto ETFs.
The two firms officially signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to an announcement shared with Cointelegraph.
The new Japanese asset management firm aims to offer the “new generation of investors” greater access to more diversified investment vehicles, according to Jenny Johnson, the president and CEO of Franklin Templeton, who wrote:
