Metaplanet forms new VC and U.S. asset units, commits ¥4 billion and backs JPYC stablecoin

Metaplanet has created two wholly owned subsidiaries, Metaplanet Ventures and Metaplanet Asset Management, and approved these moves at a board meeting, according to CEO Simon Gerovich. The firm plans to deploy ¥4 billion over the next few years into bitcoin-focused infrastructure in Japan and will invest ¥400 million in yen stablecoin issuer JPYC as the VC arm's first deal.