Metaplanet Launches Regulated Securities Arm After Completing Siiibo Buy
The deal creates Project Nova to study yen‑denominated Bitcoin‑backed bonds using JPYC stablecoins, Progmat tokenization and a newly licensed securities arm under Japan's securities rules.
Overview
- Metaplanet completed its JPY 2.1 billion acquisition of Siiibo Securities and on Monday relaunched the business as Metaplanet Securities to run regulated securities operations.
- Metaplanet Securities holds a Type I Financial Instruments Business Operator licence that gives it the legal framework to structure and distribute securities under Japan’s Financial Services Agency supervision.
- Project Nova is a joint feasibility study with JPYC and Progmat to design Bitcoin‑backed, yen‑settled bonds and digital credit products, but no product terms, launch date or distribution plan have been approved.
- Metaplanet disclosed a 43,000 BTC position after Q2 purchases and said it aims to grow to 210,000 BTC by end‑2027; investors showed near‑term caution and the stock fell about 5.65% on the announcement.
- The plan builds on Siiibo’s experience with private placements and over 100 prior bond issues, yet any issuance will require detailed design work on collateral ratios, liquidation mechanics and explicit regulator sign‑off before retail or institutional sales.