Metaplanet Securities (the securities division) of the Japanese Bitcoin and investment company Metaplanet is working with JPYC stablecoins and Progmat tokenization technology provider Progmat to create a report on digital credit backed by Bitcoin products.
Metaplanet reports that BTC will be used as collateral for the study, along with JPY Coins (JPYC), a Japanese stablecoin pegged to the yen, in order to settle and pay, while security tokens would manage rights of holders. said Friday.
Joint study to examine the use of Bitcoin as a collateral or credit enhancement in digital corporate bonds, other credit instruments and credit cards, with 24-hour access and daily accrual interest for the holders. As part of this experiment, no product has yet been released.
Metaplanet, the Bitcoin Treasury Company that it is currently operating as, has been experimenting with Bitcoin’s potential as a valuable asset for balance sheets. This study is linked to Metaplanet’s Project Nova initiative, announced in January, that aims to expand the company into a Bitcoin-based financial ecosystem in Japan.
Cointelegraph asked Metaplanet to comment on the possibility that the study might lay the basis for future Bitcoin-backed credit products.
Digital credit instruments Strategy’s strategy has always included a strong focus on Bitcoin. The largest Bitcoin corporate holder in the world has been relying on “digital credit” Instruments such as STRC preferred stocks can be used to raise capital for the acquisition of more Bitcoin.
Notification of the Commencement a Joint Research in Digital Credit Domain using Bitcoin, JPYC and Security Tokens Metaplanet
Metaplanet was the third-largest Bitcoin corporate holder in the world as of the date this article is written, having acquired 43,000 Bitcoin for approximately $4.1 billion. The company acquired 2,823 Bitcoin The average coin price in the second quarter (2026) is $78,850.
Metaplanet’s goal is to make the world a safer place. “efficient” Credit Market
Metaplanet says the study is aimed at exploring the growth of an “more efficient and transparent credit market for both issuers and investors.”
This study examines product design issues, proof-ofconcept projects and possible future releases, although it emphasizes that at the moment, nothing is decided regarding release.
Metaplanet’s Project Nova treats Bitcoin the same way as any other currency. “productive collateral on the balance sheet.” Metaplanet has stated that this project is aimed at delivering “new yield products and capital market access to retail and institutional investors in Japan” The digital asset market is a bridge between the traditional securities markets.
Metaplanet, which is developing Project Nova, announced in June that it would acquire Siiibo Securities.
This March, Metaplanet established a Metaplanet Ventures is a new venture company that will support the development of Japan’s Bitcoin Ecosystem.
Related: Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33
Investors have already shown interest in credit products that are tokenized and stored on blockchain.

Chart of total RWA values over time. Source: RWA.xyz
RWA.xyz, a data aggregator, says that in the tokenized $33 billion real-world assets sector, tokenized corporate debt was fifth with $1.76bn of value. shows.
Magazine: Strategy sells $216M Bitcoin, Bollinger bullish on BTC: Hodler’s Digest, June 29-July 6, 2026
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Source: cointelegraph.com

