Is Japan finally going to go big in the RWA track? A 24/7 Bitcoin credit product plus on-chain interest—if this gets implemented, it will open up a new entry point for East Asian institutional funds. Worth keeping a close eye on.

View Original
CoinNetwork
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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned