Metaplanet, together with JPYC and Progmat, launches a study on a Bitcoin-backed digital credit product

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Golden Finance reports that Japanese Bitcoin reserve company Metaplanet announced the launch of a feasibility study, together with its securities subsidiaries JPYC and Progmat, on building Bitcoin-backed digital credit products. The product will support 24/7 trading and a daily interest accrual mechanism, integrating Bitcoin, the JPYC yen stablecoin, and security tokens (ST) to form an on-chain credit system. Metaplanet currently holds about 40k BTC in reserves, and has just recently completed the acquisition of the securities platform Siiibo, as it continues to develop Bitcoin yield financial products within Japan.
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