Metaplanet Launches Joint Study on Bitcoin-Backed Digital Credit Products

Highlights:

• Metaplanet, Metaplanet Securities, JPYC and Progmat are studying Bitcoin-backed digital credit products for Japan’s broader financial market.
• The project may use security tokens for ownership and JPYC for interest, distribution and repayment payments.
• The initiative remains in early study, with no launch date, product terms or final structure confirmed.

Metaplanet has started a joint study with Metaplanet Securities, JPYC and Progmat to explore digital credit products using Bitcoin, stablecoins and security tokens. The Japanese company announced the initiative on July 10, saying the four firms will examine ways to build a more efficient and transparent credit market.

The project will not focus on one specific digital bond. Instead, it will cover a wider range of credit products, including corporate bonds and other financial instruments with fixed interest, repayment and maturity terms. The companies will study product design, legal requirements, business processes, investor protection, payments, distributions and digital ownership records.

ビットコイン・JPYC・セキュリティトークンを活用したデジタルクレジット領域における共同検討開始のお知らせ pic.twitter.com/PcbeyV6tf9

— Metaplanet Inc. (@Metaplanet) July 10, 2026

Bitcoin and Stablecoins Could Support New Digital Credit Products

Metaplanet said Bitcoin could serve as a backing asset, collateral or a source of credit support for future digital products. Security tokens could record investor rights and manage ownership, while JPYC could support on-chain interest payments, distributions and repayments.

The companies will also examine whether these products could trade and settle 24 hours a day throughout the year. Another area under review involves calculating interest or distributions based on the exact length of time an investor holds the product.

Such a system could offer more flexible payment structures than those commonly available through Japan’s traditional securities market. However, connecting blockchain-based settlement with existing financial systems would require new legal, operational and technical arrangements.

Metaplanet linked the initiative to Project NOVA, its wider plan to connect conventional finance with digital assets. The project aims to combine Bitcoin-related products, credit instruments, digital securities and stablecoin payments. Through this approach, Metaplanet wants to create new yield products and improve capital market access for retail and institutional investors in Japan.

Metaplanet, Metaplanet Securities, JPYC and Progmat Take Different Roles

JPYC will examine stablecoin issuance and redemption, along with possible ways to use JPYC for bond-related payments. Progmat will provide regulated infrastructure for issuing and managing security tokens, transferring rights, tracking holders and connecting digital securities with stablecoin settlement.

Metaplanet and Metaplanet Securities will work on product design, regulatory reviews, sales, investor communication and ongoing management. Metaplanet Securities is currently known as Siiibo Securities and is scheduled to adopt its new name on July 13.

The four companies also aim to address challenges in Japan’s funding market. Corporate bond issuance often favors large companies, while smaller and growing businesses face higher administrative burdens. Digital systems could reduce some of the work involved in issuing products, processing payments, managing investor records and handling repayments.

Digital Credit Products Remain at an Early Stage

The announcement remains an early-stage study rather than a confirmed product launch. The companies have not decided on an issuance date, product terms, yield, sales method or final partnership structure. Any future offering will depend on legal procedures, internal approvals, technical testing and discussions with regulators and other relevant parties.

Metaplanet also stressed that the announcement does not represent an offer, sale or commitment to issue any financial product. Further details will be released separately if the companies decide to move forward with a specific product.