Benchmark believes the market is undervaluing the significance of Metaplanet’s acquisition of Siiibo Securities, a transaction that enables Metaplanet to launch Bitcoin-backed bonds, Bitbonds, and build a tokenized fixed-income market. The acquisition grants Metaplanet a Japanese Class 1 Financial Instruments Dealer license, allowing it to design and issue securities products. This initiative is part of Metaplanet’s Project Nova strategy, transitioning the company into a Bitcoin-centric financial infrastructure provider. Benchmark maintains a Buy rating on Metaplanet stock with a target price of 405 JPY.
Benchmark Says the Market Undervalues Metaplanet's Acquisition of Siiibo Securities
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Summary
Bitcoin market news: Benchmark says the market is underestimating Metaplanet’s acquisition of Siiibo Securities. The move enables the company to launch Bitcoin-backed bonds, known as Bitbonds, and develop a tokenized fixed-income market. Metaplanet now holds a Japanese Tier-1 financial products dealer license, supporting its Project Nova strategy. The company aims to become a Bitcoin-centric financial infrastructure provider. Benchmark maintains a Buy rating on Metaplanet with a 405 yen target price. Market news reflects growing interest in tokenized assets.
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