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Metaplanet, JPYC and Progmat launch study on Bitcoin-backed credit products
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 sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
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.
Read the full story at cryptonews.net →
Topics: Fintech · bitcoin-credit · collateral-products · japan-fintech · security-tokens · stablecoins