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 Japanโprimarily corporationsโto generate yields from their holdings. This collaboration leverages Solvโs innovative infrastructure alongside Animoca Brandsโ 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%. Solvโs 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 Bitcoinโs capacity to serve as productive capital. The next phase focuses on delivering secure, compliant, high-yield treasury solutions to Japanโs forward-thinking corporations.
Backed by notable investors like Binance Labs and Blockchain Capital, Solv manages over $2.8 billion in assets. Chow highlighted the platformโs commitment to expanding Bitcoinโs utility in corporate finance, especially within markets like Japan, where a growing number of companies are exploring crypto treasury strategies.
Japanโs 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. Goxโthe infamous collapsed exchangeโstill retains over 34,000 Bitcoin despite its bankruptcy in 2014, though it is classified as a private company.
