Metaplanet Launches Bitcoin-Backed Credit Study With JPYC and Progmat

On July 10 2026 Metaplanet announced a feasibility study with JPYC and Progmat to develop Bitcoin-backed digital credit products in Japan. The initiative seeks to convert its roughly 43,000 BTC treasury into yield-generating collateral using JPYC’s yen stablecoin for settlement and Progmat’s regulated blockchain rails. The effort aligns with Metaplanet’s Project Nova vision for 24/7 trading and daily interest accrual but remains preliminary with no timelines structures or yields disclosed and carries collateral risk if BTC prices decline sharply.