Metaplanet pivots to Bitcoin banking with Siiibo acquisition

The firm is moving beyond its initial strategy of accumulating reserves, aiming instead to bridge digital assets and Japan’s traditional capital markets. Through its newly minted Project Nova, the company plans to utilize its Bitcoin holdings as collateral for digital corporate bonds and structured credit products. This initiative relies on partnerships with stablecoin issuer JPYC and the tokenization platform Progmat to build a high-speed ecosystem capable of instant settlement and automated interest calculations.

By absorbing Siiibo Securities, Metaplanet gains an established infrastructure that has previously facilitated over 100 bond issuances for 40 companies. This existing network provides the necessary legal and operational foundation for the new venture. While the firm currently holds 43,000 BTC and targets an expansion to 210,000 BTC by 2027, the focus remains on transforming these reserves into productive assets for both retail and institutional investors. The group is currently conducting feasibility studies on product design and regulatory compliance, with no specific launch dates or yield structures finalized as of mid-July.