Metaplanet to Buy Japan's Siiibo Securities for 2.1B Yen to Offer Bitcoin Linked Yield Products

Metaplanet said it will acquire licensed brokerage Siiibo Securities for 2.1 billion yen, about $13 million, rename it Metaplanet Securities, and use its Type I registration to develop and distribute Bitcoin linked yield products in Japan. The company expects the deal to close on July 13.