# Metaplanet Studies Bitcoin-Backed Digital Credit With JPYC and Progmat in Japan

The joint study would let companies borrow 24 hours a day against Bitcoin reserves with settlement on-chain, extending the treasury model beyond accumulation.

- Published: 2026-07-11T05:31:02.118Z
- Canonical: https://polylog.news/crypto/2026-07-11/metaplanet-studies-bitcoin-backed-digital-credit-with-jpyc-a
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/metaplanet-announces-joint-study-bitcoin), [Polylog editors](https://polylog.news)

Metaplanet, the Japanese listed company that has built a large Bitcoin treasury, announced a joint study with the yen stablecoin issuer JPYC and the tokenization platform Progmat to explore Bitcoin-backed digital credit products, according…

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