- Metaplanet is exploring tokenized credit products backed by Bitcoin, expanding beyond its corporate BTC treasury strategy.
- The initiative could allow Bitcoin-backed debt instruments with 24/7 trading, automated interest payments, and onchain settlement.
- The project brings together Metaplanet, JPYC, Progmat, and its newly acquired securities business to study future issuance.
Metaplanet is taking its Bitcoin strategy a step further by exploring the creation of tokenized credit products backed by BTC. Already the world’s third-largest publicly traded Bitcoin holder, the Japanese company is now studying how its Bitcoin reserves could serve as collateral for digital debt instruments, potentially opening a new chapter in institutional crypto finance.
Rather than simply accumulating Bitcoin as a treasury asset, Metaplanet wants to investigate ways to generate yield while helping bridge traditional capital markets with blockchain technology.
Bitcoin Could Become Credit Collateral
According to the company, the study will examine whether Bitcoin can be used as collateral for tokenized credit instruments that accrue interest daily and trade continuously on blockchain infrastructure.
Unlike conventional debt markets, tokenized credit products could operate around the clock, allowing investors to buy, sell, and settle transactions 24 hours a day, seven days a week.
While Bitcoin-backed lending already exists in parts of the U.S., Metaplanet believes Japan has yet to develop a comparable regulated market.
Expanding Beyond a Bitcoin Treasury
The initiative marks an important evolution in Metaplanet’s strategy.
Instead of allowing its Bitcoin holdings to remain idle, the company is exploring ways to transform them into productive financial assets that support new investment products. The approach mirrors a growing trend among Bitcoin-focused companies seeking to generate returns from large corporate BTC reserves.
Metaplanet emphasized that the project remains in the research stage, with no decisions yet made regarding issuance dates, yields, product structures, or distribution methods.
Four Companies Join the Project
The study will bring together several organizations specializing in different areas of digital finance.
Metaplanet and its soon-to-be-renamed Metaplanet Securities will lead product development, investor relations, and distribution. The securities business was acquired through the company’s purchase of Siiibo Securities, which will officially adopt its new name on July 13.
Meanwhile, stablecoin issuer JPYC will evaluate how its yen-backed stablecoin can facilitate payments and redemptions, while Progmat will provide the regulated blockchain infrastructure needed to issue and manage tokenized securities.
Together, the firms aim to examine how blockchain technology can simplify ownership tracking, interest payments, settlements, and investor management.
Bitcoin Finance Continues to Evolve
Metaplanet currently holds approximately 43,000 BTC, making it one of the largest corporate Bitcoin holders globally behind only Strategy and Twenty One Capital.
If the initiative eventually moves beyond the research phase, it could represent another important step toward integrating Bitcoin into mainstream financial products. Tokenized credit backed by BTC has the potential to expand access to capital markets while demonstrating new real-world use cases for digital assets beyond simple buy-and-hold investing.
Although the project remains exploratory, it highlights the growing interest among financial institutions in combining Bitcoin with regulated blockchain-based financial infrastructure.
