Woofun AI reports that Japanese investment firm Metaplanet initiated a feasibility study on July 3 for a "Digital Credit" business model. The venture aims to utilize Bitcoin (BTC), the yen-pegged stablecoin JPYC, and security tokens (ST) to issue and manage credit products such as corporate bonds. In this framework, Bitcoin serves as collateral or reserve assets, JPYC facilitates transactions, and security tokens represent fractional debt ownership. Metaplanet currently holds 43,000 BTC, accumulated since 2023 following a strategy similar to MicroStrategy. This treasury positions the firm to potentially underwrite loans backed by digital assets, exploring practical financial infrastructure beyond simple holding strategies.