TLDR
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Metaplanet launches Bitcoin-backed securities business after Siiibo deal
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New unit targets regulated Bitcoin-linked financial products in Japan
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Project Nova advances Bitcoin-backed corporate bond development plans
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Metaplanet expands from Bitcoin treasury into regulated finance services
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Siiibo acquisition strengthens Metaplanet’s digital finance strategy
Metaplanet Inc. (3350.T) ended trading at 234.00 JPY after declining 5.65% following a sharp midday reversal. However, the company completed a major strategic step by launching Metaplanet Securities after finalizing its acquisition of Siiibo Securities. The move expands its business beyond Bitcoin holdings into regulated digital asset financial products.
Metaplanet completes Siiibo integration and launches securities unit
Metaplanet completed its acquisition of Siiibo Securities for JPY 2.1 billion and immediately launched Metaplanet Securities. Consequently, the company transformed the acquired brokerage into a regulated digital asset investment banking business. The acquisition was originally announced in June and reached completion on July 13.
The new subsidiary operates under a Type I Financial Instruments Business Operator licence. Therefore, Japan’s Financial Services Agency provides the regulatory framework for its securities operations. The licence allows the company to structure and distribute financial products linked to digital assets.
Metaplanet plans to expand beyond its Bitcoin treasury strategy through regulated financial services. The company intends to create investment products instead of relying only on balance sheet exposure. This expansion forms part of Project Nova, its long-term Bitcoin financial services initiative.
Project Nova targets Bitcoin-backed credit products
Project Nova serves as the first major initiative under the newly established securities business. Metaplanet Securities will work with JPYC and Progmat on blockchain-based financial products. The partners plan to use Bitcoin reserves as credit-enhancement collateral for digital corporate bonds.
The proposed framework combines Progmat’s tokenization infrastructure with JPYC’s yen stablecoin ecosystem. As a result, the platform aims to support continuous trading and faster settlement processes. It also targets automated daily interest calculations for regulated digital securities.
Furthermore, the planned products target institutional and retail participants seeking yen-denominated Bitcoin-backed investment exposure. The initiative focuses on regulated financial products within Japan’s capital markets. However, the partners have not introduced any commercial products under the framework.
Strategy shifts from treasury holdings to regulated financial services
Earlier this month, Metaplanet, JPYC, Progmat, and Metaplanet Securities began a joint study on Bitcoin-backed credit products. The participants continue evaluating product structures, settlement systems, regulatory requirements, and technical standards. They also assess investor protection measures before approving any future issuance.
The participating companies have not approved product terms, launch schedules, or distribution plans. Instead, they continue reviewing the commercial and regulatory framework before making final decisions. Any future offering will require internal approvals together with discussions involving regulators.
Project Nova reflects Metaplanet’s broader strategy of generating value from its growing Bitcoin reserves. The company views Bitcoin as productive collateral supporting regulated financial products within Japan’s securities market. Besides that, the completed Siiibo acquisition adds an established online corporate bond platform and an existing network that previously supported more than 40 companies and over 100 bond issuances through private placements and venture debt financing.
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