Proposed JV to focus on ETFs and emerging asset classes including digital assets and cryptocurrencies
Tokyo, 26 July 2024 - Franklin Templeton has signed a Memorandum of Understanding (MoU) with SBI Holdings (“SBI”), a Japanese Internet-based financial conglomerate providing a wide range of financial services including securities, asset management, banking, and insurance, to establish a joint venture (“JV”) in Japan.
The proposed JV will harness best-in-class capabilities of both firms by combining Franklin Templeton’s comprehensive suite of investment products including ETFs, and its experience in digital assets, with SBI’s strength in distribution, integrated financial services capabilities and reach in the Japanese market...