Ripple-Partner SBI Joins Forces With ‘Japan’s MicroStrategy’ Metaplanet
SBI VC Trade has partnered with Metaplanet Inc. to enhance Bitcoin transactions, custody, and management for corporate clients. The partnership, announced on September 2, 2024, focuses on providing compliant corporate custody services that prioritize tax efficiency and allow Bitcoin to be used as collateral for financing. Metaplanet, recognized for its significant Bitcoin investments, holds approximately 360.368 BTC and aims to use Bitcoin as a hedge against the depreciating yen and national debt. SBI VC Trade offers advanced services such as leveraged trading and a tax exemption service for unrealized crypto gains, benefiting corporate clients. This collaboration aligns with SBI's broader commitment to the crypto sector and its ongoing partnership with Ripple for cross-border payment solutions in Asia.
