“The four companies will consider product design issues, the need for proof-of-concept efforts, and the possibility of future publication,” Metaplanet said in a statement. “At this point, nothing has been decided regarding the issuance timing, terms, yield, product content, distribution method, partnership form, etc.”
Japan’s traditional credit market tends to favor large companies that issue public bonds. According to MetaPlanet, mid-sized and growing companies often face high costs and operational burdens related to issuance, distribution, investor management, interest payments and redemptions.
Digital credit has the potential to open up debt markets to these small and medium-sized enterprises, bridging traditional capital markets with on-chain technology, enabling 24/7 global trading and settlement, holder-level rights management, automatic pro-rata interest calculation, and transparent on-chain payments/redemptions.
Main role
Each company is demonstrating its own strengths. Metaplanet and its securities division will design and create new products that combine Bitcoin and credit products. You will also be responsible for selling to investors, communicating with customers, and managing everything afterwards.
JPYC will consider the use of stablecoins in the process, ensuring smooth use for payments and redemptions.
Progmat provides a secure and regulated system for converting products into digital tokens on the blockchain. This includes tracking ownership, processing transfers, and all connections to stablecoin payment systems.
