CoinBureau news: Japanese Bitcoin giant Metaplanet, holding $170 million worth of Bitcoin, has teamed up with Metaplanet Securities, JPY Coin (JPY), and Progmat to launch a study into a digital credit product backed by Bitcoin. The proposed product is designed to enable 24/7 trading, potentially using Bitcoin (BTC) to support credit ratings, leveraging secure token management of ownership, and providing on-chain interest through JPY Coin. Once launched, it could become Japan’s first 24/7 Bitcoin-backed financial product, offering daily returns.

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GateUser-634ae966
· 3h ago
Japan’s traditional finance has finally caught on: 24/7 trading + daily returns. If this actually becomes reality, the Asian market is going to see a major shake-up.
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GateUser-35b998a0
· 3h ago
The JPY Coin design of paying on-chain interest is interesting—it's like adding a yield-buff on top of Bitcoin, but with a $170 million scale, how big a wave it can create in the Japanese market still depends on the product details that follow.
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