Key Takeaways:
SBI Securities and Rakuten Securities plan to sell crypto investment trusts, opening bitcoin and ethereum to retail brokerage accounts.Japan’s FSA targets 2028 for Investment Trust Act revisions, with a proposed 20% tax rate replacing the current 55% cap.Nomura, Daiwa, and 11 other firms will evaluate crypto fund offerings once Japan’s regulatory framework is finalized.Nikkei Asia surveyed 18 major Japanese securities firms and found broad interest. Nomura Securities, Daiwa Securities, SMBC Nikko Securities, Mizuho Securities, Mitsubishi UFJ Morgan Stanley Securities, and seven others said they would consider offering such products once regulations are finalized.

















