Major Japanese securities firms ready crypto investment trusts as regulators eye BTC, ETH fund rules by 2028

SBI Securities and Rakuten Securities plan to offer crypto investment trusts targeted at Japanese retail investors, according to reports on firms' preparations to launch funds that hold digital assets. Another 11 companies surveyed said they would consider offering crypto funds once the regulatory framework becomes clearer, the coverage added ^{[1] [2]}.

Nomura is likewise preparing crypto investment trusts alongside SBI and Rakuten as Japan outlines rules to permit funds to hold Bitcoin and Ether by 2028. Coverage notes these trusts could broaden retail access to digital assets while raising counterparty and custody risk considerations ^{[3] [4] [2]}.

The developments reflect growing industry interest ahead of regulatory clarification in Japan, with timelines for permitted fund holdings and risk-management requirements still subject to regulatory decisions ^{[1] [4]}.