Metaplanet’s acquisition of a brokerage firm to obtain its license means there’s now a compliant gateway for Bitcoin financial products—and the “coin-hoarding king” among Asian companies is finally getting serious.

CryptoWorld News reports that Metaplanet has announced that it has reached an agreement to acquire Siiibo Securities in Japan, a licensed Type I brokerage firm. The deal supports Metaplanet’s Nova strategic project and has driven its share price in the Tokyo market up by 3.57%, closing at 232 yen. The acquisition is expected to be completed in July, marking Metaplanet’s first major acquisition in its long-term strategy. Metaplanet CEO Simon Gerovich said that, . By integrating Siiibo Securities, Metaplanet will gain a compliant platform to support new financial products related to Bitcoin. Metaplanet currently holds 40,177 Bitcoins on its balance sheet, making it one of Asia’s largest corporate Bitcoin holders.