Japanese Bitcoin investor Metaplanet, often referred to as the "Japanese MicroStrategy," is collaborating with Ripple's banking partner, the financial services firm SBI. Metaplanet CEO Simon Gerovich announced that the company has entered into a strategic partnership with SBI Group's crypto investment service, SBI VC Trade.

The collaboration aims to target "Bitcoin trading and custody." One of the key elements of the partnership is access to a compliant corporate custody service that "prioritizes tax efficiency and offers the potential to utilize Bitcoin as collateral for financing."

Metaplanet's official announcement states that this collaboration is part of the company's ongoing effort to engage with leading industry stakeholders in Japan who support its corporate Bitcoin accumulation strategy.

Source: https://cointelegraph.com/news/japanese-microstrategy-ripple-bank-partner-sbi

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