In brief
Metaplanet’s board has approved two wholly owned subsidiaries: Metaplanet Ventures and Metaplanet Asset Management.
The firm plans to invest $25 million (Â¥4 billion) over two to three years in Japan’s Bitcoin ecosystem.
Its first investment is up to $2.6 million (Â¥400 million) into JPYC, Japan’s first licensed yen stablecoin, as part of the firm’s Series B round.
Metaplanet is moving to broaden its Bitcoin strategy beyond simply accumulating the crypto, unveiling a new venture arm and investment initiative aimed at supporting Japan’s emerging Bitcoin infrastructure ecosystem.
The Tokyo-listed firm said on Thursday its board has approved the creation of Metaplanet Ventures and Metaplanet Asset Management, alongside plans to deploy roughly $25 million (Â¥4 billion) over the next two to three years into companies building Bitcoin financial infrastructure across lending, payments, custody, derivatives, and compliance technologies.
Planned initiatives include venture investments in early- and growth-stage companies, an incubator for Japanese founders, and grants for open-source Bitcoin developers and educators, according to a company filing.
Metaplanet Deepens Bitcoin Strategy With $25M Investment Plan, New Venture Arm
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