Metaplanet’s brokerage deal ‘badly undersells’ plans for bitcoin-backed ‘Bitbonds,’ Benchmark says

60-second summary

Metaplanet is planning to launch bitcoin-backed bonds, dubbed 'Bitbonds,' with yields ranging from 4% to 6%, before transitioning them to on-chain transactions with stablecoin settlement. This move aims to increase adoption and liquidity in the market. The development will likely attract investors seeking alternative yield opportunities, further diversifying the crypto asset class.