Solv Teams Up with Animoca Brands to Boost Bitcoin Yields for Japanese Companies

CryptoBreaking
SOLV-0,37%
UP48,22%
BTC1,54%

Animoca Brands Partners with Solv Protocol to Unlock Bitcoin Yield for Japanese Corporations

Animoca Brands, a leader in Web3 gaming, has announced a strategic partnership with decentralized finance platform Solv Protocol aimed at enabling large Bitcoin holders in Japan—primarily corporations—to generate yields from their holdings. This collaboration leverages Solv’s innovative infrastructure alongside Animoca Brands’ extensive institutional network to target publicly listed entities with significant BTC treasuries, signaling a new approach to corporate finance in the crypto space.

Kensuke Amo, CEO of Animoca Brands Japan, emphasized the initiative’s goal to transform the conventional view of Bitcoin as merely a treasury asset. “Most companies only hold Bitcoin,” Amo noted, “but this venture aims to change that by allowing them to utilize their holdings for additional revenue streams.” Unlike traditional assets, Bitcoin typically does not generate interest or dividends unless integrated into external systems like lending or staking.

Offering Between 4% and 12% Annual Yields

The new solution will employ Solv’s Bitcoin-backed wrapper, a universal protocol that permits treasury firms to earn an annual yield ranging from 4% to 12%. Solv’s white paper outlines its approach to yield generation through lending markets, liquidity provisioning for automated market maker pools, and participation in structured staking programs. Ryan Chow, CEO and co-founder of Solv, stated that their protocol has demonstrated Bitcoin’s capacity to serve as productive capital. The next phase focuses on delivering secure, compliant, high-yield treasury solutions to Japan’s forward-thinking corporations.

Backed by notable investors like Binance Labs and Blockchain Capital, Solv manages over $2.8 billion in assets. Chow highlighted the platform’s commitment to expanding Bitcoin’s utility in corporate finance, especially within markets like Japan, where a growing number of companies are exploring crypto treasury strategies.

Japan’s Leading Bitcoin Holders

Japan currently hosts 11 publicly listed companies with Bitcoin holdings, according to data from Bitbo. The largest among them is Metaplanet, which holds approximately 30,823 Bitcoin, making it the fourth-largest Bitcoin treasury globally. Nexon, a prominent South Korean-based video game developer with headquarters in Japan, holds 1,117 Bitcoin, while remixpoint, a consulting firm, manages 1,273 Bitcoin. Additionally, Mt. Gox—the infamous collapsed exchange—still retains over 34,000 Bitcoin despite its bankruptcy in 2014, though it is classified as a private company.

The Japan-based Metaplanet holds the fourth-largest Bitcoin treasury. Source: Bitbo

This article was originally published as Solv Teams Up with Animoca Brands to Boost Bitcoin Yields for Japanese Companies on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Crypto Analyst and Expert Says Bull Market Is Confirmed as Bitcoin Survives Shakeout

Crypto analyst and expert says bull market is confirmed.  Bitcoin survives a shakeout nd mirrors 2022 price chart.  This shows a positive sign for BTC to set a new ATH price soon. The crypto market seems to be heading into a strong recovery phase as the price of Bitcoin (BTC) recovers pr

CryptoNewsLand23m ago

Bitcoin Holds Steady Amid Middle East Escalation

Bitcoin remains resilient at $70K despite escalating Middle East tensions, reflecting strong investor confidence with exchange-held assets at a six-year low. Market participants show stability amidst volatility, demonstrating a capacity to price geopolitical risks.

CryptoFrontNews48m ago

Michael Saylor Releases Bitcoin Tracker Information Again; MicroStrategy May Disclose Increased Holdings Data Next Week

Gate News report: On March 15th, Strategy founder Michael Saylor released information about Bitcoin Tracker again and wrote: "Stretch the Orange Dots." Based on previous patterns, Strategy typically discloses bitcoin holdings increases the day after releasing relevant information, with the market expecting new increase data to be announced next week.

GateNews53m ago

Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents

Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks. NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration. Brave has added NEAR Intents to it

CryptoNewsFlash1h ago

Bitcoin Hits 6-Year Peak in Whale Activity As Price Stands Stable Near $70K

Bitcoin ($BTC) has hit a 6-year high in whale activity, with the Exchange Whale Ratio rising to 0.62. This surge suggests a potential market turning point, as large holders position themselves for upcoming trends, presenting opportunities for retail investors amidst contrasting market sentiments.

BlockChainReporter1h ago
Comment
0/400
No comments