Based on data from BitcoinTreasuries.NET, the prominent Japanese banking group currently owns 606,629 shares in Strategy. This holding is valued at roughly $96.6 million.
This investment acts as a high-yield proxy for Bitcoin exposure. The traditionally cautious trust bank gains access to this asset class without facing the challenges associated with directly holding spot cryptocurrency within Japan.
Due to stringent Japanese regulations, banks encounter significant obstacles when attempting to hold spot Bitcoin on their balance sheets, including elevated capital requirements and taxes on unrealized gains.
The Evolution of SMTG in Crypto
SMTG is a well-established financial institution dating back to 1924 but has emerged as one of East Asia’s most forward-thinking players in digital assets.
Their initial step into crypto involved digitizing securities; notably, in 2021 they launched Japan’s first security tokens utilizing the Securitize blockchain platform.
Subsequently, SMTG shifted focus towards building infrastructure. In May 2022, they entered into a Memorandum of Understanding (MoU) with Bitbank—one of Japan’s leading cryptocurrency exchanges—to create the Japan Digital Asset Trust (JADAT).
This new venture provides institutional-grade custody solutions not only for Bitcoin but also for non-fungible tokens (NFTs) and public blockchain-based security tokens.
Based on data from BitcoinTreasuries.NET, the prominent Japanese banking group currently owns 606,629 shares in Strategy. This holding is valued at roughly $96.6 million.
This investment acts as a high-yield proxy for Bitcoin exposure. The traditionally cautious trust bank gains access to this asset class without facing the challenges associated with directly holding spot cryptocurrency within Japan.
Due to stringent Japanese regulations, banks encounter significant obstacles when attempting to hold spot Bitcoin on their balance sheets, including elevated capital requirements and taxes on unrealized gains.
The Evolution of SMTG in Crypto
SMTG is a well-established financial institution dating back to 1924 but has emerged as one of East Asia's most forward-thinking players in digital assets.
Their initial step into crypto involved digitizing securities; notably, in 2021 they launched Japan's first security tokens utilizing the Securitize blockchain platform.
Subsequently, SMTG shifted focus towards building infrastructure. In May 2022, they entered into a Memorandum of Understanding (MoU) with Bitbanké—é’s leading cryptocurrency exchanges—to create the Japan Digital Asset Trust (JADAT).
This new venture provides institutional-grade custody solutions not only for Bitcoin but also for non-fungible tokens (NFTs) and public blockchain-based security tokens.