Gumi reported ¥14.13 billion in crypto assets, up 86% from last year, as it prepares to launch a ¥3 billion crypto fund with SBI on Aug. 1.
Daiwa Securities Group Inc. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Japanese game developer Gumi will open a ¥3 billion crypto asset fund with SBI Financial Services on Aug. 1. The company's crypto holdings have already grown to ¥14.13 billion, making digital assets a significant part of its balance sheet.
SBI Crypto Fund I will invest mainly in Bitcoin and major listed altcoins. Daiwa Securities Group Inc. (OTC: DSEEY), which holds an 'Unscored' label from AlphaScala in the Financial Services sector, and several unnamed investors have also committed capital, Gumi said in a July 28 announcement. Gumi did not disclose individual investment amounts or the fund's asset allocations.
SBI Crypto Fund I operates as a Japanese silent partnership, a private-placement structure. SBI Financial Services owns 51% of the operating company. Gumi's wholly owned subsidiary gC Labs holds the rest. The fund has a three-year term and will combine staking and hedging, Gumi said. It did not name the altcoins, custody providers, fee structure or risk limits.
Gumi's crypto holdings rose 86% from ¥7.58 billion a year earlier. The company posted a ¥2.63 billion valuation gain on those assets in its latest fiscal year. That gain absorbed a ¥60.4 million loss from crypto sales and operating profit of ¥83.3 million, pushing ordinary profit to ¥2.17 billion.
Gumi adopted XRP as a corporate treasury asset after approving a ¥1 billion Bitcoin purchase. The company said the fund's mission is to "bridge the crypto asset market and Japanese companies" through investment and liquidity provision.
It also wants to build a track record before the "possible lifting of the ban" on domestic crypto exchange-traded funds. Japan's Financial Services Agency has discussed changes that could eventually allow certain crypto ETFs. No official launch deadline has been set. A 2028 timeline has been reported as a possibility.
The partners had originally considered beginning operations in 2025. They delayed the launch while assessing crypto market conditions. The announcement warned it does not guarantee future returns and is not an invitation to invest.
SBI Crypto Fund I is set to start Aug. 1. Gumi did not set a reporting schedule or return targets for the fund.
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