Metaplanet Acquires Siiibo Securities, Plans to Build a Bitcoin Fixed-Income Market in Japan

Odaily Odaily reports that Japanese listed company Metaplanet has acquired Siiibo Securities, which holds a Type I financial instruments business license, enabling it to design and sell securities in Japan. Research firm Benchmark noted that the market generally views this acquisition, valued at approximately 2.1 billion yen (about $13 million), as a small-scale expansion. However, Metaplanet actually plans to use this as a foundation to issue Bitcoin-collateralized bonds, Bitbonds, with an annual yield of approximately 4% to 6%. Subsequently, the plan involves migrating these bonds onto the blockchain, settling via stablecoins, and gradually forming a secondary market.