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Metaplanet has agreed to acquire Siiibo Securities, a licensed Japanese Type I securities firm, as part of its Project Nova strategy. The deal gives the company a regulated distribution platform for bitcoin-linked yield products aimed at Japan’s large pool of cash-heavy household assets. Metaplanet Targets Japan’s $7.4 Trillion Cash Pile With Bitcoin-Linked Investments Metaplanet is […]
The Siiibo Securities deal positions Metaplanet to tap $7.4 trillion in household savings as the country shifts from deflation to inflation.
Metaplanet will acquire Siiibo Securities and rename it Metaplanet Securities as it builds out Project Nova, its Bitcoin-centric finance strategy in Japan.
The deal is for $13 million.
Metaplanet's acquisition could revolutionize Japan's investment landscape by integrating Bitcoin yields into traditional financial products. The post Metaplanet to acquire Siiibo Securities for $13M to develop bitcoin-linked yield products appeared first on Crypto Briefing.
Metaplanet has agreed to acquire Japanese securities firm Siiibo Securities for JPY 2.1 billion, adding a licensed brokerage platform that it plans to use for Bitcoin-linked investment products and yield-focused offerings. According to a June 12 announcement from Metaplanet, the…
