TechFlow News: On March 12, Simon Gerovich, CEO of Metaplanet, revealed that the board of directors of the Japanese publicly listed company Metaplanet has resolved to establish two wholly owned subsidiaries: Metaplanet Ventures Co., Ltd. and Metaplanet Asset Management Inc. in the United States.
Metaplanet Ventures will invest ¥4 billion over the next several years into Japanese companies building Bitcoin financial infrastructure—including lending, payments, custody, stablecoins, derivatives, and compliance—and will simultaneously launch an incubator program for Japanese startups as well as a grant program for open-source developers, educators, and researchers. As its first investment, Metaplanet Ventures has signed a memorandum of understanding with JPYC Co., Ltd., Japan’s first registered yen-pegged stablecoin project, to invest up to ¥400 million.
Metaplanet Asset Management Inc. will be headquartered in Miami and positioned as a digital credit and Bitcoin capital markets platform connecting Asian and Western capital markets. It plans to offer products and services related to yield, equity, credit, and volatility strategies, with specific offerings to be announced progressively.
