Japan is approaching a major turning point in digital-asset regulation, and the country’s largest wealth managers are preparing to capitalize on it. Firms such as Daiwa Asset Management, Asset Management One, Amova Asset Management, Mitsubishi UFJ Asset Management, and SBI Global Asset Management have confirmed they are exploring the nation’s first crypto-based investment trusts, signaling a strong shift toward mainstream crypto adoption.
Regulatory Reform Signals a New Era for Crypto in Japan
Momentum is accelerating as the Financial Services Agency (FSA) considers reclassifying digital assets under the Financial Instruments and Exchange Act. This change would place cryptocurrencies in the same category as traditional financial products, giving asset managers more room to launch regulated crypto offerings.
If finalized during the 2026 parliamentary session, the reform package could introduce a flat 20% tax rate on crypto, replacing Japan’s current higher taxation rules. Lower taxes and clearer classification would pave the way for crypto-focused investment trusts accessible to both retail and institutional investors.
Wealth Managers Target ETFs and Long-Term Digital Asset Integration
Among the most ambitious players is SBI Global Asset Management, which has revealed plans to launch Bitcoin and Ethereum ETFs. The firm is aiming for approximately 5 trillion yen (about $32 billion) in assets under management within three years—an aggressive target that highlights growing institutional confidence in digital assets.
Japan’s broader digital-asset strategy also includes implementing stricter custody requirements and expanding support for stablecoins. Policymakers have already endorsed a multi-bank yen-stablecoin initiative, underscoring the government’s long-term vision of integrating digital assets into the nation’s financial infrastructure.
As regulatory clarity improves and major asset managers move forward with new investment vehicles, Japan appears poised to become one of Asia’s most progressive and influential crypto markets.
