Could SBI Holdings and Franklin Templeton's new digital asset venture pave way for first XRP ETF?
a joint venture with U.S. asset manager Franklin Templeton, focusing on digital assets. SBI will hold a 51% stake in the new venture, while Franklin Templeton will own 49%.This move aims to position both companies ahead of the anticipated launch of digital asset ETFs in Japan, following recent developments in the U.S., where spot Bitcoin and Ether ETFs have been introduced.'I'm Very Excited': Ripple CTO Reacts to New XRP Botand Ethereum.
The service has since expanded to include remittances to the Philippines, Vietnam and Indonesia. Additionally, SBI Motor Japan adopted XRP as its native currency in 2022.The new partnership between SBI Holdings and Franklin Templeton raises speculation about the possibility of an XRP ETF. Ripple executives have previously hinted at such a development, and given SBI’s integration of XRP, this venture could set a precedent on the crypto ETF market and generate significant interest.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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