Metaplanet Launches Bitcoin-Backed Digital Credit Study With JPYC, Progmat on July 10

According to a July 10 filing, Metaplanet agreed to launch a joint study with JPYC, Progmat, and Metaplanet Securities to develop Bitcoin-backed digital credit products that trade and settle on a 24/7 basis and accrue interest daily. The framework positions Bitcoin as collateral, routes payments through JPYC's yen-pegged stablecoin, and uses security tokens on Progmat's infrastructure.

Metaplanet holds over 43,000 BTC after acquiring 2,823 during the second quarter. The study will convert this treasury from a passive balance-sheet asset into collateral for new financial products, with Metaplanet and Metaplanet Securities handling product design and distribution, JPYC managing stablecoin settlement, and Progmat supplying regulated security token infrastructure.