Metaplanet Exploring Bitcoin-Backed Digital Credit for Japan, Holds 43,000 BTC as Collateral

BTC2.19%
According to CoinDesk, Japanese-listed Metaplanet announced on July 10 that it is exploring Bitcoin-backed digital credit products in collaboration with stablecoin issuer JPYC and tokenization platform Progmat. The research group will tokenize BTC collateral for debt instruments tradable and settled 24/7 with daily interest accrual. Metaplanet, which holds approximately 43,000 BTC, plans to use its holdings for credit enhancement and as compliant collateral to address high financing costs and complex processes Japanese mid-market and growth companies face in traditional bond markets.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments