We are pleased to announce that Metaplanet has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Type I securities firm and a pioneer of Japan's online corporate bond market. Following closing, expected in July, the company will be renamed Metaplanet Securities. This is Metaplanet's first major acquisition and the first concrete step in Project Nova, our long-term strategy to build a Bitcoin-centric financial ecosystem in Japan.
The significance is hard to overstate. Japanese households hold roughly $7.4 trillion in cash, deposits and low-yield products, and as Japan shifts from deflation to inflation, that capital has begun searching for yield. By bringing Siiibo's Type I registration and online securities platform into the group, we will develop and distribute Bitcoin-related yield products directly to Japanese investors, supported by the 40,177 BTC on our balance sheet, the largest corporate Bitcoin treasury in Asia.
We have great respect for Kazuki Komura and the team at Siiibo Securities and what they have built. Together, as Metaplanet Securities, we will bring new yield opportunities to Japan.
@AdamBLiv@williamwallets8 It’s chaos! So many options with opportunity cost. Would love to get your view on capital growth timeline for the three? ASST, 3350, MSTR.
Also how would you split the cash yielding options… SATA, STRC etc… then eventually 3350?
I believe @RaoulGMI is on point here
Like the comment about agents are here and a new TAM is forming, not evident in anyone’s research as it’s so new
RWA agents will take the market by storm and particularly excited to be building in this new space
@IxsFinance