Metaplanet Expands Bitcoin Strategy with New Venture Firm

Metaplanet Expands Bitcoin Strategy with New Venture Firm — Cointelegraph.com News
Source: Cointelegraph.com News

Metaplanet has launched Metaplanet Ventures K.K. to support development of the Bitcoin ecosystem in Japan as the country moves to recognize Bitcoin as a regulated financial asset within the next two years. The company expects Bitcoin to be reclassified as a regulated financial asset by January 2028.

Metaplanet Ventures will be split into investment, incubation and grants programs. The investment arm will back seed- to growth-stage startups building Bitcoin infrastructure on the Lightning Network and other payments and lending-focused platforms, and may also support firms working on stablecoins, options and derivatives trading, custody and tokenization.

The incubator will target early-stage Bitcoin and crypto infrastructure startups in Japan, while the grants program will fund open-source developers, educators, researchers and community organizers. Metaplanet expects to deploy 4 billion Japanese yen ($25.2 million) into these programs over the first two to three years, funded by cash flows from its Bitcoin income business.

Japan

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