Metaplanet, a company listed on the Tokyo Stock Exchange, announced on July 10, 2026 the analysis of bitcoin-backed digital credit products, in partnership with three companies. The proposal involves the use of BTC as collateral for tokenized instruments, such as digital corporate bonds, with settlement through a yen-pegged stablecoin and management via security tokens.
CEO Simon Gerovich presented the initiative within Project NOVA, highlighting that it is a feasibility study. The analysis seeks to understand whether the model can operate within the Japanese regulatory environment, without yet representing the launch of a product on the market.
The strategy expands bitcoin's role in the company. Instead of functioning only as a reserve subject to price fluctuations, the asset comes to be considered as a basis for credit structures. The company positions this stage as a natural evolution of its accumulation policy started in 2024.
By the end of the second quarter of 2026, Metaplanet had accumulated about 43.000 BTC, including 2.823 acquired during the period. This volume places the company among the largest corporate holders of bitcoin, with an estimated value in billions of dollars, depending on the price.
The company already uses this reserve in financing strategies. With a US$ 500 million credit line and previous studies involving bitcoin-backed preferred shares, the company seeks to generate yield and expand its investment capacity without depending exclusively on capital issuances.
Another relevant step was the acquisition of Siiibo Securities, for about 2,1 billion yen. The brokerage, which will be renamed Metaplanet Securities, holds a license to operate with financial instruments and expands the company's reach to a base of approximately 250 thousand investors.
The study also involves JPYC Inc., responsible for the yen stablecoin, and Progmat Inc., which provides regulated infrastructure for the issuance and management of security tokens. Together, the companies structure an ecosystem that combines bitcoin collateral, digital distribution, and continuous settlement.
In the Japanese market, the proposal seeks to reduce barriers faced by companies when issuing debt. Tokenization may allow global trading and continuous settlement, with interest calculated daily, something limited by current traditional structures.
Despite the conceptual progress, Metaplanet has not defined details such as rates, format, or timeline. The project still depends on regulatory approvals, tests, and technical validations before any implementation.
