ChainCatcher report, according to The Block, Japanese publicly traded company Metaplanet acquired Siiibo Securities, which holds a license for dealing in financial instruments, gaining approval to design and sell securities in Japan. Research firm Benchmark noted that the market generally views this approximately 2.1 billion yen (about $13 million) acquisition as a modest expansion. However, Metaplanet actually plans to issue Bitcoin-collateralized bonds, called “Bitbonds,” with an annualized yield of 4%–6%, and subsequently migrate them on-chain for settlement via stablecoins, gradually establishing a secondary market. Metaplanet aims to enable companies seeking to adopt a Bitcoin balance sheet strategy to issue bonds on its platform to purchase BTC, and under its “Project Nova” roadmap, build a new type of financial institution centered around Bitcoin. The company currently holds approximately 43,000 BTC, making it the third-largest Bitcoin corporate treasury globally.
Metaplanet Acquires Siiibo Securities to Build a Bitcoin Fixed-Income Market in Japan
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Summary
Bitcoin news: Metaplanet has acquired Siiibo Securities, a firm holding a Class 1 financial products license, to design and sell securities in Japan. The 2.1 billion yen transaction will enable Metaplanet to issue Bitcoin-secured bonds under its Bitbonds program, offering annual yields of 4%–6%. The company plans to tokenize these bonds and facilitate secondary trading using stablecoins. Metaplanet currently holds 43,000 BTC and is building a Bitcoin-centric financial institution under Project Nova. This move underscores Bitcoin market news highlighting its strategy to attract companies seeking to add Bitcoin to their balance sheets.
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