Metaplanet has added Siiibo Securities to the study as it examines bitcoin-backed tokenized credit products aimed at widening access to round-the-clock debt financing in Japan.
Metaplanet is studying whether bitcoin can be used as collateral for tokenized credit instruments in Japan, broadening its strategy beyond treasury accumulation toward a bitcoin-centered financial platform. The effort brings together Metaplanet, yen stablecoin issuer JPYC, regulated security token platform Progmat, and Siiibo Securities, the licensed brokerage Metaplanet acquired for 2.1 billion yen that will become Metaplanet Securities on July 13. The companies are exploring products that could pay interest daily and trade and settle around the clock, using blockchain-based infrastructure to manage ownership, payments and redemptions. Metaplanet says nothing has been decided on issuance timing, terms, yield, product details, distribution methods or the form of collaboration. The initiative is framed as a response to gaps in Japan’s debt market, where mid-sized and growth companies often face high costs and operational burdens when raising funds through conventional bond issuance.