Wire · opportunities
Metaplanet, JPYC and Progmat launch study on Bitcoin-backed credit products
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Fusion42 · 12 July 2026 · Fusion42 review
Metaplanet, JPYC, Progmat and Metaplanet Securities have launched a joint study to design Bitcoin-backed corporate bond and credit products using stablecoins and security tokens, targeting Japan's mid-market bond issuers facing high costs. The initiative aims to digitise credit issuance and settlement onchain with 24/7 trading and daily interest calculations.
This Wire brief tracks Metaplanet, and It sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
If you build collateral management, settlement or rights registry infrastructure, Japanese mid-market issuers now have a proven path to cheaper bond issuance - and Metaplanet's 43,000 BTC backing makes this a real pilot, not a white paper. The regulatory conversation is already open with authorities.
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1 source · 11 Jul 2026
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