According to Simon Gerovich, CEO of Metaplanet, on March 12, the board of directors of Metaplanet, a Japanese listed company, has decided to establish two wholly-owned subsidiaries: Metaplanet Ventures Co., Ltd. and Metaplanet Asset Management Inc., a subsidiary in the United States.

Metaplanet Ventures will invest 4 billion yen in the next few years to invest in companies engaged in Bitcoin financial infrastructure construction in Japan, covering lending, payments, custody, stablecoins, derivatives and compliance, and will simultaneously launch an incubator program for Japanese entrepreneurs and a funding program for open source developers, educators and researchers. As Metaplanet Ventures' first investment, the company has signed a basic agreement with JPYC Co., Ltd., Japan's first registered yen stablecoin project, to invest up to 400 million yen.

Metaplanet Asset Management Inc. will be established in Miami, positioned as a digital credit and Bitcoin capital market platform, connecting capital markets in Asia, Europe and the United States, and plans to carry out income, equity, credit and volatility strategy-related businesses, with specific products to be announced in due course.