Metaplanet to Buy Siiibo Securities for 2.1 Billion Yen, Plans Bitcoin Linked Yield Products in Japan
Tokyo listed Metaplanet said it will acquire licensed financial instruments operator Siiibo Securities for 2.1 billion yen and rename it Metaplanet Securities after an expected July closing. The company said the unit will support Project Nova, aimed at developing and distributing Bitcoin linked yield products to Japanese investors, backed by its reported 40,177 BTC holdings.