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

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.'