Metaplanet is exploring the introduction of Bitcoin-backed digital credit to Japan.
2 hours ago
According to CoinDesk, Tokyo-listed firm Metaplanet is forming a joint research team with Japanese yen stablecoin issuer JPYC and regulated security token platform Progmat to explore Bitcoin-backed digital credit products. The initiative will tokenize BTC collateral for use in debt instruments that accrue interest daily and can be traded and settled 24/7. Siiibo Securities, which Metaplanet acquired this year and plans to rebrand as Metaplanet Securities, will also participate in the research, handling product design and sales. Currently, Metaplanet holds around 43,000 BTC, which it intends to use as credit enhancement, a store of value, and compliant collateral assets to address the high financing costs and cumbersome processes faced by medium-sized and growing Japanese enterprises in the traditional bond market.
Backpack has launched the world's first 7×24-hour real U.S. stock trading market, supporting stablecoin settlement.
1 seconds ago
Backpack launches the world's first 7×24-hour real US stock trading market, supporting stablecoin settlement.
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Meta gained over 4% in pre-market trading, extending its rally from the prior session.
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Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
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Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
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Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
1 seconds ago
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