Metaplanet Japan Acquisitions Licensed Securities Firm Siiibo Securities

Odaily Odaily Japan Bitcoin Treasury Company Metaplanet has reached an agreement to acquire 100% equity of Japanese licensed primary securities firm Siiibo Securities. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities.

Metaplanet stated that this acquisition marks its first major merger and the first concrete step in implementing its long-term strategy, 'Project Nova'. It aims to build a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities' primary securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-related yield products to Japanese investors.

Metaplanet also mentioned that its balance sheet currently holds 40,177 BTC. Following the acquisition, Metaplanet Securities will leverage its securities business license to offer new Bitcoin yield investment opportunities in the Japanese market. The company recognizes the achievements of the Siiibo Securities team in building Japan's online corporate bond market. Through the merger, both parties will further promote the development of Bitcoin-related financial products in Japan.