Japan’s largest asset managers are preparing to launch the country’s first cryptocurrency investment trusts as regulators move toward easing long-standing restrictions.
JUST IN: 🇯🇵 Japan’s largest asset managers including Nomura are planning to launch #Bitcoin and crypto investment products.
— Bitcoin Magazine (@BitcoinMagazine) November 24, 2025
Asia is coming 🚀 pic.twitter.com/5pbsYbNjol
Six major firms — including Daiwa, Asset Management One, Amova, and Mitsubishi UFJ — say they are developing products ahead of expected rule changes from Japan’s Financial Services Agency (FSA).
Currently, crypto cannot be included in investment trusts under Japan’s Investment Trust Act.
The FSA plans to reclassify digital assets under the Financial Instruments and Exchange Act by 2026, treating crypto like stocks and bonds. This would impose a 20% tax on gains and potentially allow investment trusts to hold cryptocurrencies for the first time.
UPDATE: Japan’s top asset managers, including Nomura, MUFG and SBI, are determined to integrate cryptocurrencies into Investment Trusts, a sector that oversees about $2.5 trillion in assets. pic.twitter.com/1W3YBGBqAT
— BeInCrypto (@beincrypto) November 24, 2025
SBI Global plans ETFs and multi-crypto funds targeting 5 trillion yen in assets.
Other firms are forming internal task forces to design products, manage volatility, and address cybersecurity risks. Analysts say demand could surge, with Japan holding 13 million crypto accounts.
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