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

Odaily Planet Daily News: Japanese listed company Metaplanet has acquired Siiibo Securities, which holds a Type I financial instruments business license, allowing it to design and sell securities in Japan. Research firm Benchmark pointed out that the market generally views this acquisition of 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%, and subsequently migrate them on-chain, settle via stablecoins, and gradually form a secondary market.