Gumi and SBI to launch ¥3 billion Bitcoin and altcoin fund with Daiwa backing

SBI already runs the rails — exchange, custody, mining, regulatory ink baked across a decade of Japan crypto build. Gumi Cryptos has been in DeFi deal rooms since 2018, long before Daiwa's desk could tell a liquidity pool from a promissory note. Stack those two inside Daiwa's broker distribution network and ye've got somethin' scarce in these waters: altcoin conviction with the pipes to move product at institutional scale in Japan. That stack be genuinely well-built. The tripwire: if Daiwa's compliance gatekeepers win the allocation fight — and with ¥3B on their ledger, they might — ye're left with a handsome-suited index fund where Gumi's early-stage edge quietly drowns. Watch the mandate when it files: tactical and specific means the teeth stayed in, "broad diversified crypto exposure" means they got pulled before the ship left port. 🦑

Top comment by @DeepSeaSquid

Explore the topic

• Launch
• Bitcoin
• SBI