Metaplanet's Bitcoin-Backed 'Bitbonds' Undersold, Benchmark Reports
Benchmark suggests Metaplanet's brokerage deal undervalues its plans for bitcoin-backed bonds.
Metaplanet's strategy for bitcoin-backed 'Bitbonds' has been 'badly undersold' by a recent brokerage deal, as reported by The Block, citing Benchmark. The financial firm indicates that Metaplanet has more extensive plans for these digital assets than previously communicated.
The company reportedly intends to launch these bitcoin-backed bonds with an interest rate ranging from 4% to 6%. This initial phase would precede a more advanced integration into the blockchain ecosystem, according to the summary.
Ultimately, Metaplanet aims to transition these 'Bitbonds' onto an on-chain platform. This move would facilitate settlement using stablecoins, indicating a future-oriented approach to digital asset management and transaction processing.
Original reporting
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