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Goldman Sachs · Japan · Bitcoin ·

Asia’s top Bitcoin holder wants to turn its BTC pile into income, but the returns hide new risks

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Liam 'Akiba' Wright.

Metaplanet is trying to turn one of the largest corporate Bitcoin treasuries into a regulated product channel.

Key facts

Summary

01 Metaplanet agreed to buy Siiibo Securities for 2.1 billion yen and turn it into Metaplanet Securities. 02 The deal gives Metaplanet a regulated brokerage channel for Bitcoin-linked bonds, funds, and yield-style products in Japan. 03 What those products are, and how they manage credit, collateral, and disclosure risks, remains undisclosed. The Japanese company has agreed to acquire 100% of Siiibo Securities for 2.1 billion yen, with the share transfer on July 13 and a full subsidiary conversion expected later in August.

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#Goldman Sachs #Japan #Bitcoin