Metaplanet partners with JPYC and Progmat to develop Bitcoin-backed credit in Japan

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Metaplanet, a bitcoin treasury company, is exploring the creation of tokenized credit products backed by bitcoin in Japan. The firm is collaborating with fintech companies JPYC and Progmat to develop these financial instruments. The initiative aims to establish efficient, round-the-clock credit markets in the country. By leveraging bitcoin as collateral, the partnership seeks to bring a new class of digital credit products to Japanese markets.

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