Tokyo-listed Metaplanet Inc., one of the world’s largest public corporate holders of Bitcoin, is progressing efforts to develop credit instruments supported by its cryptocurrency reserves. The collaboration examines digital credit products ranging from corporate bonds to other instruments that could use Bitcoin as collateral or a form of credit enhancement. Metaplanet frames the work under Project Nova, its roadmap for building Bitcoin-linked financial products, credit offerings, digital securities, and stablecoin-based settlement solutions. The company emphasizes treating Bitcoin as active collateral capable of supporting new yield-oriented products accessible to retail and institutional participants, bridging traditional securities markets with digital asset capabilities. Analysts noted that the recent acquisition of the securities brokerage for roughly ¥2.1 billion positions Metaplanet Securities as a foundation for a specialized fixed-income platform.