The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
Tokyo-listed Metaplanet has issued 8 billion Japanese yen ($50 million) in zero-interest bonds to EVO FUND, with the proceeds earmarked for additional Bitcoin purchases, according to a Thursday filing.
According to the filing, the 20th series of ordinary bonds matures in April 2027 and is unsecured, giving Metaplanet another source of zero-interest funding as it expands one of the largest corporate Bitcoin treasuries in the market.
EVO FUND, a Cayman-based fund at the core of Evolution Financial Group, specializes in structured financings for digital asset-focused companies and is the main subscriber to Metaplanet’s zero-interest bonds used to fund Bitcoin purchases.
Under the terms of the deal, the bonds will be redeemed at par on maturity, though EVO FUND can request early redemption with five business days’ notice. Metaplanet may also redeem part or all of the bonds if it completes future financings with the same investor.
Related: Nakamoto sells $20 million in Bitcoin and cuts Metaplanet stake
The latest raise extends a financing strategy Metaplanet has used repeatedly as it leans further into its Bitcoin treasury model, tapping capital markets rather than relying solely on operating cash flow.
Metaplanet’s share price was down around 3.69% at the time of writing, according to data from Yahoo! Finance.
Metaplanet expands Bitcoin holdings with debt-funded strategy
The latest raise follows an aggressive first quarter in which Metaplanet added 5,075 BTC, lifting its total holdings to about 40,177 BTC and cementing its position as the third-largest publicly listed Bitcoin holder.
Metaplanet Issues $50 million in 0% Ordinary Bonds to Purchase Additional $BTC. Source: Metaplanet
That expansion has made the company one of the clearer examples in Asia of a public firm using debt and equity financing to accumulate Bitcoin as a treasury asset, drawing frequent comparisons to MicroStrategy’s balance sheet strategy in the United States.
With the new issuance, Metaplanet is signaling that it intends to keep buying even after a volatile stretch for crypto markets, with BTC trading around $77,000 in recent sessions.
The company said in the filing that the bond sale is expected to have only a minimal impact on its consolidated results for fiscal 2026, and that, if “any material impact” on its financial performance or other matters arises, it will provide an update promptly.
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Felix Pinkston
Oct 31, 2025 02:48
The Hong Kong Monetary Authority will re-open 10-year HKD HKSAR Institutional Government Bonds, offering an additional HK$1.0 billion, with tenders on 5 November 2025.
The Hong Kong Monetary Authority (HKMA) has announced the re-opening of the 10-year Hong Kong Dollar (HKD) HKSAR Institutional Government Bonds, scheduled for tender on 5 November 2025. This move is part of the ongoing Infrastructure Bond Programme, according to the Hong Kong Monetary Authority.
Tender Details
The HKMA will offer an additional HK$1.0 billion of the existing 10-year Government Bond issue (10GB3507001). The bonds, which mature on 24 July 2035, will carry an interest rate of 3.17% per annum paid semi-annually. Indicative pricing on 30 October 2025 was set at 102.81, with an annualised yield of 2.857%.
Tendering is restricted to Primary Dealers appointed under the Infrastructure Bond Programme. Interested parties must apply through these dealers, with each tender requiring a minimum amount of HK$50,000 or multiples thereof.
Publication and Settlement
Results of the tender will be made available on the HKMA’s website, the Hong Kong Government Bonds website, and financial information platforms such as Bloomberg and Refinitiv. The results are expected by 3:00 pm on the day of the tender. Settlement of the bonds is slated for 6 November 2025.
Investment and Use of Proceeds
The proceeds from these bonds will be invested in infrastructure projects as part of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme. The bonds are fully fungible with the existing issue listed on the Stock Exchange of Hong Kong, enhancing their appeal to investors.
This bond issue reflects the HKMA’s ongoing commitment to support infrastructural development in Hong Kong, aligning with broader economic strategies to bolster growth and sustainability.
Image source: Shutterstock
