Metaplanet to Rebrand Shibo Securities as Metaplanet Securities
The post Metaplanet to Rebrand Shibo Securities as Metaplanet Securities appeared on BitcoinEthereumNews.com. Metaplanet plans to rename Shibo Securities as it expands its Bitcoin-focused financial business. The brokerage will support Bitcoin-based financial products through the BTC x Finance platform. CEO Simon Gerovich says the acquisition is the first step in Metaplanet’s Project Nova. Metaplanet is moving ahead with the integration of its newly acquired brokerage business after confirming plans to rename Shibo Securities to Metaplanet Securities. The proposed change, which requires shareholder approval at a meeting scheduled for July 13, marks the next step in the company’s effort to expand its Bitcoin-focused financial operations in Japan. The firm acquired the licensed brokerage for 2.1 billion yen (about $13 million) and plans to use it to develop Bitcoin-based financial products for retail investors. If shareholders approve the name change, the rebranded brokerage will become