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Other Disclosures3350Metaplanet Inc.Financials (excluding banks)

Notice of Commencement of Joint Study in the Digital Credit Field Utilizing Bitcoin, JPYC and Security Tokens

METAPLANET, MetaPlanet Securities, JPYC and Progmat have begun a joint study of the design and institutional and technological aspects of digital credit products using Bitcoin, JPYC and security tokens. No specific product issuance or sales have been decided at this stage.

Worth reading
55In focus
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Direction
Neutral
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Scale
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Wording
Avoiding a definitive answer
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Announced details

Digital credit productsBitcoin-related productsDigital bondsSecurity tokens (ST)
Applicable field (uses covered by this announcement)
Corporate bonds and other credit-related financial productsPayments and distributionsRights and holder managementDigital SecuritiesCapital Markets
Relationship between the counterparty and the company
Metaplanet Inc.3350
Relationship with the Company

The parties have begun a joint study of the digital credit sector. MetaPlanet Securities is indicated to have a relationship within the Company’s group, but details of the capital and personnel relationships are Not disclosed.

CounterpartyMetaPlanet Securities Co., Ltd. (currently Siiibo Securities Co., Ltd.)JPYC株式会社Progmat Inc.

The representative director of MetaPlanet Securities is Komura Kazuki (小村和輝). The representative director of JPYC Inc. is Okabe Noritaka (岡部典孝). The representative director of Progmat Inc. is Saito Tatsuya (齊藤達哉). Other information on their locations, capital, year of establishment and business activities is Not disclosed.

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredDigital credit products, Bitcoin-related products, Digital bonds, Security tokens (ST)
CounterpartyMetaPlanet Securities Co., Ltd. (currently Siiibo Securities Co., Ltd.), JPYC株式会社, Progmat Inc.
Counterparty overviewThe representative director of MetaPlanet Securities is Komura Kazuki (小村和輝). The representative director of JPYC Inc. is Okabe Noritaka (岡部典孝). The representative director of Progmat Inc. is Saito Tatsuya (齊藤達哉). Other information on their locations, capital, year of establishment and business activities is Not disclosed.
Relationship with the CompanyThe parties have begun a joint study of the digital credit sector. MetaPlanet Securities is indicated to have a relationship within the Company’s group, but details of the capital and personnel relationships are Not disclosed.
Applicable areaCorporate bonds and other credit-related financial products, Payments and distributions, Rights and holder management, Digital Securities, Capital Markets
Items this document does not state (13)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationLocation scaleQuantitative EffectsUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The study will examine the challenges and potential involved in creating an efficient and transparent credit market for both issuers and investors, against the backdrop of the significant burden faced by mid-sized and growth companies in handling the issuance, sales, investor management, interest payments and redemptions associated with conventional credit products.

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Notice of Commencement of Joint Study in the Digital Credit Field Utilizing Bitcoin, JPYC and Security Tokens | Metaplanet Inc. (3350) timely disclosure | Komori