Haciyev Reşit 
South Korea-based Bifrost Network and Japan’s financial giant SBI Digital Finance have entered into a significant partnership aimed at accelerating Bitcoin adoption. As part of the collaboration, they plan to develop a Bitcoin-backed stablecoin, BtcUSD, and establish BTC management standards compliant with the regulations of Japan’s Financial Services Agency (FSA). This move aims to both expand Bitcoin’s use in the institutional sector and develop innovative financial products that comply with regulations.
Bitcoin-Backed Financial Products to Be Developed
Under the agreement, the parties will explore practical Bitcoin use cases for institutional clients and develop Bitcoin-integrated financial services and BtcUSD-based applications. SBI Digital Finance already operates the HashHub Lending platform, which provides stable returns to Bitcoin deposit holders. Its subsidiary, BitPoint Japan, is a licensed cryptocurrency exchange with substantial BTC reserves. This robust infrastructure will play a critical role in launching the Bitcoin-backed financial products targeted by the partnership.
Bifrost’s Multi-Chain Infrastructure and Regulatory Compliance
Bifrost offers a multi-chain infrastructure that supports both EVM and non-EVM environments. The platform’s core protocols, validator frameworks, and multi-signature vaults ensure stability in institutional asset management—particularly in tightly regulated markets like Japan. Thanks to this technology, Bitcoin-backed products like BtcUSD can be developed to meet high security and transparency standards.
Growing Interest in Bitcoin in Japan
The partnership comes at a time when Japanese companies are increasing their Bitcoin holdings. Firms like Metaplanet are strategically expanding their BTC reserves amid economic uncertainty. Japan’s clear regulatory framework encourages institutional investors to consider Bitcoin both as a hedge against inflation and as a tool for portfolio diversification.
According to industry experts, this collaboration could attract significant Bitcoin deposits to BTC-backed finance (BTCFi) platforms. The agreement is also expected to pave the way for other Japanese crypto exchanges and financial institutions to show interest in the BTCFi ecosystem. This could strengthen Japan’s potential to become a regional leader in Bitcoin-focused financial innovation.
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