The Quadrangle joint research security token plus stablecoin interest payments take the experiment of putting traditional credit on-chain one step further—let’s see how the specific terms are ultimately set.

CoinWorld News, Wu Says learned that Metaplanet, Metaplanet Securities, JPYC, and Progmat announced the launch of a joint research on digital credit, covering digital corporate bonds and other credit instruments. The four parties will explore the use of Bitcoin as collateral or credit enhancement assets, utilize security tokens for rights and holder management, and achieve on-chain interest payments, redemptions, and distributions via stablecoins such as JPYC, while verifying the feasibility of 24/7 trading settlement and daily interest accrual. Currently, the issuance time, terms, yield, and product form have not been determined.