cryptobriefing.com
The Tokyo listed company said it has started a joint study with JPYC, Progmat and Metaplanet Securities to explore digital credit products that use Bitcoin, stablecoins and security tokens.
The study will cover digital corporate bonds and other credit instruments, with the companies examining whether Bitcoin can be used as a backing or credit enhancement asset.
The project brings together four parts of Japan’s digital asset stack. Metaplanet will contribute its Bitcoin centered financial strategy. JPYC will study stablecoin issuance, redemption and use in payments.
Progmat will provide security token infrastructure for issuance, rights management and holder records. Metaplanet Securities will work on structuring, distribution and administration.
The companies said the study will examine product design, legal and regulatory issues, operational flows, investor protection, settlement, distribution, rights management and technical verification. The goal is to assess whether credit products can be issued and managed with onchain payments, 24/7 trading and daily prorated interest calculations.
Metaplanet framed the effort as part of Project NOVA, its broader push to treat Bitcoin as more than a passive treasury asset. Under that strategy, Bitcoin would become collateral for financial products, linking digital securities and stablecoin settlement with Japan’s conventional capital markets.
The company said Japan’s corporate bond market remains dominated by large issuers, while mid sized and growth companies face high costs and administrative burdens tied to issuance, investor management, debt servicing and redemption.
Metaplanet argues that credit is an early candidate for digitization because interest, redemption and collateral terms are fixed at issuance, making recordkeeping and rights management easier to move onchain.
The structure under review would use Bitcoin as a backing asset, security tokens to manage rights and holder information, and JPYC or similar instruments for payments, redemptions and distributions. CoinDesk reported that the initiative is aimed at creating a more efficient 24/7 credit market in Japan and opening access for smaller issuers.
Metaplanet currently lists 43,000 BTC in holdings on its website, underscoring the balance sheet behind its push into Bitcoin linked financial products.
The companies have not committed to launching a product. Metaplanet said no issuance timing, terms, yield, product details, distribution methods or final collaboration structure have been determined. Any product would depend on further verification, internal approvals, applicable laws and consultation with relevant authorities.