Metaplanet is studying how Bitcoin, stablecoins, and security tokens could support blockchain-based corporate credit products. The initiative will assess Bitcoin as collateral, with JPYC hand
Metaplanet has launched a joint feasibility study with Metaplanet Securities, JPYC, and Progmat to examine Bitcoin-backed digital credit products in Japan. According to Metaplanet, the initiative will evaluate how Bitcoin, stablecoins, and security tokens could support digital corporate credit, while no issuance plans, launch date, or product terms have been finalized.
https://twitter.com/WuBlockchain/status/2075627066712875084?s=20According to Metaplanet, the study will assess whether Bitcoin can serve as collateral or a credit enhancement tool. At the same time, JPYC stablecoins would handle payments and settlements, while security tokens would manage investor rights.
The companies also plan to examine blockchain-based corporate bonds and other digital credit instruments. Notably, the proposed framework includes continuous market access, on-chain settlement, and daily interest accrual for holders.
However, Metaplanet confirmed the project remains in the research stage. The company added that it has not approved any product issuance or finalized commercial terms.
The study forms part of Metaplanet's broader Project Nova strategy. According to the company, the initiative explores using Bitcoin as productive collateral on its balance sheet.
Project Nova also seeks to connect traditional capital markets with digital asset infrastructure in Japan. Additionally, the company said it aims to develop new yield products and improve capital market access for retail and institutional investors.
Earlier this year, Metaplanet announced plans to acquire Siiibo Securities before renaming it Metaplanet Securities. In March, the company also established Metaplanet Ventures to support Bitcoin-related businesses across Japan.
According to the information released, Metaplanet currently ranks as the world's third-largest corporate Bitcoin holder. The company holds 43,000 Bitcoin acquired for about $4.1 billion.
During the second quarter of 2026, Metaplanet purchased an additional 2,823 Bitcoin. The company said the average acquisition price reached about $78,850 per coin.
Meanwhile, the study follows growing interest in blockchain-based credit instruments. According to the released details, the companies will also review product design, proof-of-concept activities, and possible future issuance before making any further decisions.
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