gumi and SBI to Form Cryptocurrency Management Fund, Targeting Multi-Billion Yen Scale Over Three Years

On the 11th, gumi Inc., a major game developer, announced the formation of a listed cryptocurrency management fund in partnership with SBI Holdings. The fund, a private placement operating on a multi-billion yen scale, aims to capitalize on both income gains and capital gains through the use of DeFi over a three-year period. Established as an anonymous partnership under commercial law, the joint venture is managed with an investment ratio of SBI at 51% and gC Labs at 49%. As the cryptocurrency market's total market capitalization grows to approximately 500 trillion yen and institutional investment accelerates, the partnership aims for high-performance management by integrating both companies' expertise in finance and blockchain technology. gumi Inc. has been involved in cryptocurrency since 2018...