Japanese Tokyo-listed MetaPlanet is set to launch a new class of preferred stock backed by Bitcoin, offering annual yields of up to 9–10%. The high yielding instrument is believed to be a high attraction to investors, especially given that Japan’s interest rates are near historic lows.
Aimed at shaking up Japan’s traditionally conservative fixed income market, this product is set to be denominated in Japanese yen.
Japan’s inflation currently hovers around 3.5%. While Japanese households hold over 2,200 trillion yen in financial assets, according to Crypto analyst Adam Livingston a large portion of this money continues to erode real returns on deposits, with most earning below 0.23% annually.
He sees this as a key opportunity for yield-seeking capital.
“Regulators are increasingly open to innovation, particularly if it helps savers without adding foreign currency risk,” he said.
MetaPlanet already holds more than 13,350 BTC valued at approximately $1.45 billion.
The company aims to use proceeds from the new issuance to acquire additional Bitcoin, gradually building toward a target of 210,000 BTC or about 1% of Bitcoin’s total supply.
