Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
Japanese investment adviser Metaplanet, which adopted BTC as a reserve asset earlier this year, has reportedly partnered with SBI VC Trade, the crypto division of financial services giant SBI Group.
The partnership grants Metaplanet access to SBI's custodial services which are designed to prioritise tax efficiency and offer the potential to use Bitcoin as collateral for financing.
Metaplanet stated that the partnership aligns with its vision of a “modern financial service provider” and that it adds flexibility to its corporate strategy, complementing its ongoing efforts in equity and debt financing.
