Metaplanet Securities and Progmat are also participating in talks on a new market using Bitcoin, stablecoins and ST, according to the announcement.
Metaplanet, JPYC and two other companies are jointly examining a digital credit market, with Metaplanet Securities and Progmat also taking part in the initiative. The group is considering a structure that would use Bitcoin, stablecoins and ST (security tokens, blockchain-based digital securities) to support a new market, signaling continued experimentation in Japan with tokenized finance and digital asset-backed settlement rails.