Metaplanet, JPYC and Progmat launch study on Bitcoin-backed credit pr…

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. 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.