Metaplanet establishes two subsidiaries with plans to invest 4 billion yen to develop the Japanese Bitcoin ecosystem

BTC0,17%

Gate News: On March 12, Metaplanet announced the establishment of two subsidiaries: Metaplanet Ventures Inc. and the U.S. subsidiary Metaplanet Asset Management Inc.

Metaplanet Ventures will focus on investing in the Japanese Bitcoin ecosystem. Over the next few years, the company will invest 4 billion yen to support companies building Bitcoin financial infrastructure in Japan, covering lending, settlement, custody, stablecoins, derivatives, and compliance. The company will also launch an incubator program for Japanese entrepreneurs and grant programs for open-source developers, educators, and researchers.

Metaplanet Asset Management will be established in Miami, positioning itself as a digital credit and Bitcoin capital markets platform connecting Asian and Western capital markets. The company plans to develop strategies for yield, equities, credit, and volatility.

As the first investment by Metaplanet Ventures, the company intends to invest up to 400 million yen in JPYC Inc., Japan’s first registered yen-stablecoin company.

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