Japanese financial giant SBI Holdings announced in a new press conference that a cryptocurrency fund is expected to be launched in the coming months.

According For “SBI”:

The new fund is designed to allow its clients to discover and view a unique and emerging asset class, and to provide individual investors with a cryptocurrency fund that embodies the resources of the SBI Group.

Crypto assets, which have a low correlation with traditional assets such as stocks, bonds, etc., enhance the effectiveness of diversification.

As indicated in the title, half of the fund will be allocated to XRP, while 30% will be allocated to Bitcoin and 20% to Ethereum.

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SBI Alternative Investments will be responsible for creating and handling the fund in partnership with an anonymous entity about which it has not disclosed information.

SBI Securities and SBI Moneyplaza will be responsible for selling the fund’s shares to individual investors.

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While “SBI VC Trade” will be tasked with trading digital currencies at “SBI” and providing custodian services.

SBI is a long-time partner of Ripple, having previously invested by SBI since 2016.

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