TOKYO / LONDON (IT BOLTWISE) – In a groundbreaking partnership, Animoca Brands and Solv Protocol have joined forces to offer Japanese companies new earning opportunities on their Bitcoin holdings. This collaboration aims to promote the use of Bitcoin as a productive asset and provide innovative financial solutions to companies in Japan.
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The collaboration between Animoca Brands, a leader in Web3 gaming, and Solv Protocol, a decentralized finance platform, marks a significant step towards unlocking new sources of income for large Bitcoin holdings in Japan. This partnership aims to combine Solv’s infrastructure with Animoca Brands’ institutional network to target corporates and listed companies with extensive Bitcoin reserves.
Kensuke Amo, CEO of Animoca Brands Japan, emphasizes that many companies only hold Bitcoin as a financial asset. The new initiative with Solv aims to change this by creating an environment in which Bitcoin can not only be held, but also used as a new revenue engine. Bitcoin is not traditionally a yield-producing asset because holding it in a wallet does not generate interest, dividends or staking rewards. Instead, it requires an external system such as lending or blocking.
Solv offers a 4% to 12% annual return on Bitcoin by leveraging Bitcoin-backed wrappers that allow treasurers to generate income. These returns are generated through credit markets, providing liquidity to AMM pools, and participating in structured staking programs. Ryan Chow, co-founder and CEO of Solv, explains that his protocol has proven that Bitcoin can serve as a productive asset. The next step in expansion is to deliver secure, compliant and high-yield treasury solutions to Japan’s most advanced companies.
In Japan, there are eleven listed companies that hold Bitcoin on their balance sheets. The leading company in Japan, Metaplanet, owns about 30,823 Bitcoins, making it the fourth largest Bitcoin treasury in the world. Nexon, a South Korean video game developer headquartered in Japan, holds 1,117 Bitcoins, while consulting firm Remixpoint owns 1,273 Bitcoins. Only the private Japanese company Mt. Gox, the collapsed exchange, still holds over 34,000 tokens despite going bankrupt in 2014.
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