Metaplanet establishes two subsidiaries to expand its presence in the Japanese Bitcoin ecosystem and connect with the Asian and American markets.

CoinFeed reported on March 12 that Metaplanet, a Japanese listed company, announced the establishment of two subsidiaries. Metaplanet Ventures will invest in the Japanese Bitcoin ecosystem, planning to invest 4 billion yen over the next few years to support companies building Bitcoin financial infrastructure in Japan, covering areas such as lending, settlement, custody, stablecoins, derivatives, and compliance. The company will also launch an incubator program for Japanese entrepreneurs, as well as a grant program for open-source developers, educators, and researchers. As Metaplanet Ventures' first investment, the company plans to invest up to 400 million yen in JPYC Co., Ltd., Japan's first registered yen-denominated stablecoin issuer.