Metaplanet creates two subsidiaries to strengthen its position in Japan’s Bitcoin ecosystem and connect with Asian and American markets

Metaplanet announced the formation of two subsidiaries to boost its role in the Japanese Bitcoin ecosystem. Metaplanet Ventures plans to invest 4 billion JPY in developing Bitcoin infrastructure and will introduce support programs for entrepreneurs and open-source contributors.

The first investment of Metaplanet Ventures aims to support JPYC Co., Ltd., Japan’s initial issuer of yen-denominated stablecoins, with an investment worth up to 400 million JPY. Metaplanet Asset Management will also be set up in Miami to connect capital markets.