Metaplanet Collaborates to Develop Bitcoin-Backed Credit Solutions in Japan
Metaplanet, in partnership with JPYC and Progmat, is investigating bitcoin-backed digital credit products in Japan, aiming to create around-the-clock credit markets. This initiative targets mid-sized firms that often struggle with access to traditional credit channels, as reported by CoinDesk on July 10, 2026.
Metaplanet, a bitcoin treasury company, is collaborating with JPYC, the issuer of a yen-pegged stablecoin, and Progmat, a platform for security tokens, to explore the creation of tokenized credit products that use bitcoin as collateral. The goal is to establish efficient, continuous trading in Japan's credit market, particularly benefiting mid-sized and growth companies.
This initiative leverages Metaplanet's extensive holdings of 43,000 bitcoin, worth approximately $2.47 billion, as foundational assets to improve credit accessibility and enhance value storage in regulated markets. The company aims to introduce an infrastructure that enables 24/7 trading, automated interest payments, and transparent redemption processes for credit instruments.
Currently, Japan’s traditional credit market predominantly favors larger corporations, often leaving mid-sized firms with higher costs and operational challenges. Metaplanet emphasizes the potential benefits of digital credit to bridge this gap, proposing to incorporate on-chain technology to enable seamless trading and settlements. According to Metaplanet, “Mid-sized and growth companies often face high costs... around issuance, sales, investor management, interest payments, and redemptions.”
The multi-company study group, which includes the recently acquired Siiibo Securities — soon to be renamed Metaplanet Securities — will explore several aspects of this new credit product, including product design and issuance feasibility. However, specifics regarding issuance timing, terms, and other essential details remain undecided at this point.
Each partner brings unique expertise to the project: Metaplanet and its securities unit will design and market the products, while JPYC will focus on the smooth integration of its stablecoin for payments and redemptions. Progmat is tasked with ensuring a secure, regulated framework for digitizing these instruments and managing ownership records on the blockchain.
Summary based on original reporting by Omkar Godbole at CoinDesk, originally published Jul 10, 2026. SolanaWire does not republish source content.
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