Metaplanet launches VC and asset management subsidiaries, bets on Japanese stablecoin JPYC

Bitcoin treasury firm Metaplanet has launched two wholly owned subsidiaries: Metaplanet Ventures and Metaplanet Management. Metaplanet Ventures will deploy 4 billion yen ($25.2 million) over the next few years to support companies building financial infrastructure around Bitcoin in Japan, focusing on areas like lending, payments, and stablecoins, and will also include an incubator program. As its first investment, Metaplanet Ventures committed 400 million yen ($2.5 million) to JPYC Inc., the issuer of the yen-denominated stablecoin JPYC, as part of JPYC's Series B financing. Metaplanet Management, based in Miami, will function as a digital credit and bitcoin capital markets platform connecting Asian and Western capital markets. CEO Simon Gerovich emphasized Japan's strong regulatory framework and the need for supporting infrastructure. This announcement follows Metaplanet reporting a significant net loss due to unrealized bitcoin valuation losses, though the CEO highlighted strong operating profit growth and maintained the company's long-term commitment to its BTC holdings.

(Source：The Block)