Metaplanet, a Japanese-listed Bitcoin treasury company, announced plans to acquire Siiibo Securities, a licensed Tier 1 securities firm in Japan, for 2.1 billion yen (approximately $13.12 million). The acquisition will make Siiibo a wholly-owned subsidiary, renamed Metaplanet Securities Inc. This move is part of Metaplanet's "Project Nova," a strategy to establish a Bitcoin-centric financial platform.
Siiibo Securities, which holds a Type I financial instruments business license, operates an online corporate bond platform serving both individual and institutional investors. Post-acquisition, Metaplanet aims to leverage Siiibo's capabilities to develop Bitcoin-linked financial products, including yield-generating bonds, enhancing its financial ecosystem.
Metaplanet to Acquire Siiibo Securities for $13.12 Million
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