Metaplanet is acquiring Siiibo Securities for $13M to build Bitcoin-linked yield products, marking its first M&A under 'Project Nova.'

Metaplanet CEO Simon Gerovich said the deal is expected to close in July, and the company plans to rename the business Metaplanet Securities.

Metaplanet is acquiring Siiibo Securities for $13M to build Bitcoin-linked yield products, marking its first M&A under 'Project Nova.'

The approximately $13.1 million acquisition gives Metaplanet a regulated securities platform to develop Bitcoin-linked investment products.

The Siiibo Securities deal positions Metaplanet to tap $7.4 trillion in household savings as the country shifts from deflation to inflation.

The Bitcoin treasury firm said Siiibo’s securities license and corporate bond platform will help it develop BTC-linked yield products for Japanese investors.

Metaplanet is acquiring Siiibo Securities for 2.1 billion yen ($13.1 million), giving Japan's largest corporate Bitcoin holder a securities license and distribution platform to…

Metaplanet has agreed to acquire Siiibo Securities, a licensed Japanese Type I securities firm, as part of its Project Nova strategy.