Metaplanet has approved a wholly owned subsidiary in Hong Kong, with $1 million in planned capital, to oversee Bitcoin-related investments during Asian trading hours.
Metaplanet said in a Sept. 11 disclosure that its board had approved the formation of Metaplanet Asset Management Asia Limited. The company plans to establish the new business in Hong Kong in September 2026.
The new operation will deploy client funds and Metaplanet’s own capital across Bitcoin, listed stocks, preferred securities, credit products and other liquid assets. The company will be overseen by directors Simon Gerovich, Darren Winia and Kelvin Lee.
Metaplanet said the subsidiary will serve as an operating platform under Project Nova, its broader initiative to build Bitcoin-focused financial services. The company expects the unit to manage trading, monitor positions and oversee risk when U.S. markets are closed.
Metaplanet’s Hong Kong Unit to Cover Asian Trading Hours
Based in Hong Kong, the subsidiary will handle the buying and selling of assets managed through Metaplanet’s investment operations. Its responsibilities will also include tracking market conditions and managing positions throughout the Asian trading session.
The company said the new structure would expand its investment coverage across Asia, the U.S. and Europe. Metaplanet Asset Management Asia will coordinate with the group’s Miami-based operation, Metaplanet Asset Management, which was launched in March 2026.
Miami will remain the group’s main institutional investment center, while Hong Kong will handle execution and operational support across Asia. Metaplanet said the setup is intended to support its planned financial-services platform rather than signal a shift in its broader corporate strategy.
An English version of the company’s filing shows an initial capital contribution of $1 million. Metaplanet will hold full ownership of the Hong Kong subsidiary.
The disclosure did not state when client services would begin, reveal the initial assets under management or identify any external investors. It also did not indicate that the Hong Kong operation had begun handling customer funds.
Project Nova Positions Bitcoin as a Base for Financial Services
Project Nova represents Metaplanet’s push to develop securities, asset-management and capital-markets businesses around its Bitcoin treasury. The strategy also includes credit products, preferred securities and investment vehicles tied to companies focused on Bitcoin.
In June, Metaplanet reached an agreement to acquire Japanese brokerage Siiibo Securities for 2.1 billion yen. As reported, the deal provided Metaplanet with a licensed securities platform in Japan that can distribute investment products.
Metaplanet finalized the deal in July and rebranded the business as Metaplanet Securities. According to company documents cited in the report, the brokerage holds a Type I Financial Instruments Business registration in Japan.
The group has been working with JPYC and tokenization firm Progmat to explore Bitcoin-backed digital credit products. In related coverage, the companies said they had not yet finalized any product launch plans or commercial terms.
Potential formats could include digital corporate bonds, security tokens and credit products backed by Bitcoin collateral. The participants said any future offerings would first need technical assessments, internal approval and talks with the relevant regulators.
Project Nova brings together Metaplanet’s plans to develop securities, asset-management and capital-markets businesses around its Bitcoin treasury. The strategy also covers credit products, preferred securities and investment structures linked to companies with a Bitcoin focus.
The subsidiary was not linked to any specific fund, preferred security or credit product. Any future investment will remain subject to the operational and regulatory rules that apply to the relevant product and jurisdiction.
Metaplanet Splits Operations Between Miami and Hong Kong
Metaplanet’s Miami operation serves as the U.S. arm of its institutional investment structure. The Hong Kong subsidiary is intended to handle execution, market monitoring and risk management as Asian markets begin trading.
A separate U.S. deal announced in August would involve placing 2,100 BTC and $2.5 million into Nasdaq-listed Super League Enterprise. As previously reported, Metaplanet expects to obtain a 95.7% stake before taking certain existing warrants into account.
Super League intends to rebrand as Superplanet and has proposed SUPA as its new Nasdaq ticker. Under the announced deal, Metaplanet would have the right to appoint five of the company’s nine board members.
Super League plans to rebrand as Superplanet and has proposed SUPA as its new Nasdaq ticker. Under the announced transaction, Metaplanet would select five members of the nine-seat board.
Gerovich said Superplanet would serve as Metaplanet’s entry point into U.S. capital markets. The agreement also includes a five-year lockup on common shares received by Metaplanet through the initial deal, warrant exercises or conversions of preferred stock.
Metaplanet said its treasury held 43,000 BTC after the company purchased 2,823 BTC during the second quarter. Gerovich later stated that the balance was unchanged after transfers between custodial addresses controlled by the company.
reported that 5,014 BTC was transferred between Metaplanet-controlled custodial addresses in August. Gerovich said, “No bitcoin was sold, and our holdings remain at 43,000 BTC.”
Incorporation and Regulatory Steps Still Remain Ahead
Metaplanet expects to establish the Hong Kong subsidiary by the end of September. The filing did not say when trading activities would start or whether the unit had brought in any staff beyond its three initial directors.
No Hong Kong Securities and Futures Commission license was mentioned in the announcement. The disclosure did not clarify whether the proposed activities would be carried out under a local license, an exemption or through another regulated entity within the group.
Metaplanet said the new subsidiary “is expected to have a limited impact” on its consolidated results for the fiscal year ending Dec. 31, 2026. The projection reflects management’s current outlook, while the company said any material financial impact would be disclosed if it arises.
The board’s decision came as Metaplanet continued expanding its financial operations across Japan and the U.S. Its disclosure archive features the Hong Kong announcement alongside recent updates on Bitcoin investments, securities activities and changes to the company’s capital structure.
