Metaplanet Explores Bitcoin-Backed Digital Credit Products in Japan

Tokyo-listed Metaplanet Inc., one of the world's largest public corporate holders of Bitcoin, is advancing its efforts to develop credit instruments supported by its cryptocurrency reserves.

The company has launched a joint study with Metaplanet Securities, yen stablecoin issuer JPYC Inc., and security token platform Progmat, Inc. to examine digital credit products that could use Bitcoin as collateral or a form of credit enhancement.

The collaboration aims to assess possibilities for continuous trading and settlement, along with daily interest calculations, features intended to create more efficient and transparent markets for both issuers and investors in Japan.