Metaplanet acquires Japanese brokerage Siiibo Securities for $13M to launch Bitcoin-backed financial products
Tokyo-listed Metaplanet purchased Siiibo Securities for approximately $13 million (2.1 billion yen), gaining a Type I securities brokerage license to develop Bitcoin-backed credit products and tokenized securities in Japan's regulated market. The move signals a strategic shift from passive Bitcoin accumulation to building an active Bitcoin-focused financial platform.