The bitcoin treasury company is working with JPYC and Progmat to explore tokenized credit products backed by bitcoin, aiming to create efficient, 24/7 credit markets in Japan. Metaplanet, yen stablecoin issuer JPYC and security token platform Progmat are together studying bitcoin-backed digital credit products that tokenize BTC as collateral. The initiative aims to open Japan’s credit market to more mid-sized and growth companies by using onchain infrastructure for 24/7 trading, automated inter…
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