Wu learned that Metaplanet, Metaplanet Securities, JPYC, and Progmat announced the launch of joint research on digital credit, covering digital corporate bonds and other credit instruments. The four parties will explore using Bitcoin as a support or credit enhancement asset, utilizing security tokens for rights and holder management, and achieving on-chain interest payments, redemption, and distribution through stablecoins such as JPYC, while also verifying the feasibility of 24/7 trading settlement and daily interest accrual. The issuance timeline, terms, yield, and product form are currently undetermined.