Japanese investment adviser Metaplanet has announced a strategic partnership with SBI VC Trade, a crypto exchange regulated by Japan's Financial Services Agency. This collaboration is part of Metaplanet's broader strategy to leverage Bitcoin (BTC) as a reserve asset, a decision that has positioned the company as a forward-thinking player in the financial services sector.

Earlier this year, Metaplanet made headlines by adopting Bitcoin as a reserve asset, a move designed to hedge against the volatility of the Japanese yen. This decision was not merely symbolic; it marked a significant shift in the company's asset management strategy, aligning it with the growing trend of corporations integrating digital currencies into their balance sheets. As of Aug. 20, Metaplanet reported holding 360.4 BTC, valued at approximately $21 million.

To safeguard its Bitcoin holdings, Metaplanet has chosen SBI VC Trade, a subsidiary of Tokyo-based financial giant SBI Holdings, to provide custody services. SBI Holdings is a major player in the financial sector, managing around 27.2 trillion yen ($185 billion). SBI VC Trade, known for its regulatory compliance and robust security measures, offers a tax-efficient custody solution that also allows for the potential use of Bitcoin as collateral for financing.

Source: https://coinpaper.com/5281/metaplanet-secures-bitcoin-holdings-with-sbi-vc-trade-custody-services

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