Metaplanet announces join study to bring BTC-powered digital credit to Japan
The post Metaplanet announces join study to bring BTC-powered digital credit to Japan appeared on BitcoinEthereumNews.com. “The four companies will examine issues in product design, the need for proof-of-concept initiatives, and the possibility of future issuance,” Metaplanet said in a statement. “At this time, nothing has been determined regarding issuance timing, terms, yield, product details, distribution methods, or the form of collaboration.” Japan’s traditional credit market leans in favor of large corporations with public bond offerings. Mid-sized and growth companies often face high costs and operational burdens around issuance, sales, investor management, interest payments and redemptions, according to Metaplanet. Digital credit could open the debt market to these smaller companies, bridging traditional capital markets with onchain technology, enabling 24/7 global trading and settlement, holder-level rights management, automated pro-rata interest calculations and transparent o