Japanese Bitcoin Investor Metaplanet Partners with SBI

Metaplanet, a prominent Japanese Bitcoin investor, has forged a partnership with SBI Group’s fully-owned crypto exchange, SBI VC Trade. This collaboration is aimed at enhancing Metaplanet’s Bitcoin trading strategies and operational efficiency.

Strategic Collaboration Announcement

On September 2, Metaplanet’s CEO, Simon Gerovich, shared the news of this strategic alliance on X. The partnership is designed to facilitate Bitcoin trading and custody solutions, thereby bolstering Metaplanet’s investment strategy.

Key Aspects of the Partnership

The alliance with SBI aims to leverage a compliant corporate custody service focused on:

• Tax efficiency
• Utilizing Bitcoin as collateral for financing

Metaplanet’s official communication highlighted that this collaboration forms part of their broader strategy to engage with key stakeholders in Japan to further their Bitcoin accumulation efforts.

“As our treasury expands, we continue to evaluate various tools and strategies that could enhance our financial flexibility.”

Support from SBI in Trading and Storage

SBI has committed to assist Metaplanet by providing extensive support in:

• Trading
• Storage
• Operational processes

SBI has emphasized the importance of Bitcoin as a non-political financial asset and its role in Metaplanet’s strategy for accumulating Bitcoin through various financing avenues.

Tax-Related Services and Innovations

A significant offering from SBI is a new tax-related service tailored for corporate investors. This service, launched in June 2024, aims to exempt corporate taxes on profits from cryptocurrency assets, allowing long-term investment confidence.

In addition, SBI VC Trade will enable Metaplanet to engage in leveraged trading, utilizing a variety of supported crypto assets as margin. This financial tool aims to enhance asset management strategies further.

About SBI Group and Its Involvement with Ripple

SBI Group has developed a strong partnership with Ripple, the company behind the XRP cryptocurrency. Recent initiatives include:

• Deployment of the XRP Ledger blockchain supply chain solutions
• Integration of the MoneyTap application with multiple local banks

SBI’s commitment to innovation in the crypto space is underscored by its various collaborations with Ripple, aimed at integrating blockchain technology and financial services within Japan.