Metaplanet to Establish Two Subsidiaries in Japan and the U.S., Plans ¥4 Billion Investment in Bitcoin Financial Infrastructure

According to Simon Gerovich, CEO of Metaplanet, the board of directors of Japanese publicly listed company Metaplanet has resolved to establish two wholly owned subsidiaries: Metaplanet Ventures Co., Ltd. and its U.S. subsidiary, Metaplanet Asset Management Inc. Metaplanet Ventures will invest 4 billion Japanese yen over the next several years into Japanese companies building Bitcoin financial infrastructure, covering areas such as lending, payments, custody, stablecoins, derivatives, and compliance. It will also launch an incubator program for Japanese entrepreneurs and grant programs for open-source developers, educators, and researchers. As its first investment, Metaplanet Ventures has signed a basic agreement with JPYC Co., Ltd., Japan’s first registered yen-stablecoin project, with plans to invest up to 400 million Japanese yen. Metaplanet Asset Management Inc. will be headquartered in Miami and positioned as a digital credit and Bitcoin capital markets platform connecting Asian and Western capital markets. It plans to offer services related to yield, equity, credit, and volatility strategies, with specific products to be announced gradually.