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Home/News/Japanese corporate pension fund plans 1% crypto allocation for 1,200 firms
Cointelegraph·2h ago·positive

Japanese corporate pension fund plans 1% crypto allocation for 1,200 firms

A Japanese corporate pension fund managing $130 million for 1,200 small businesses plans to allocate 1% of assets to crypto as part of a currency diversification strategy, signaling growing institutional acceptance in Japan.

  • The Nationwide Business Corporate Pension Fund in Okayama will invest in a passive multi-crypto fund managed by a major hedge fund.
  • The fund manages about 21.3 billion yen ($130 million) and currently allocates 80% to yen, 15% to US dollars and 5% to other currencies.
  • Japan recently passed legislation bringing crypto under the Financial Instruments and Exchange Act, paving the way for ETFs and a flat 20% tax on crypto gains.
  • SBI Shinsei Bank is testing a deposit rewards program offering Bitcoin, Ether or XRP vouchers, with a full launch planned for autumn.
regulationmarketImpact 6/10
Why our editor rated this positive

Institutional adoption by a conservative Japanese pension fund signals growing mainstream acceptance. Combined with Japan's pro-crypto legislative moves, this is a clear positive for the industry.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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