Web3 gaming giant Animoca Brands has partnered with decentralized finance platform Solv Protocol to help large Bitcoin holders in Japan generate yield from their holdings.
According to a statement shared with Cointelegraph on Wednesday, the collaboration aims to combine Solv's infrastructure with Animoca Brands' institutional network, targeting enterprises and publicly listed entities with significant Bitcoin treasuries.
Kensuke Amo, CEO of Animoca Brands Japan, stated that most companies only hold Bitcoin, but the new business with Solv aims to change that.
He said, "Through this partnership, we aim to create an environment where companies can not only hold Bitcoin as a financial asset but also leverage it as a new revenue engine to drive business growth."
Traditionally, Bitcoin is not a yield-generating asset, as holding it in a wallet does not produce interest, dividends, or staking rewards; instead, it requires external systems such as lending or locking.
The new business will utilize Solv's universal Bitcoin-backed wrappers, enabling treasury enterprises to generate annual yields of 4% to 12%.
According to its white paper, Solv generates Bitcoin yield through lending markets, providing liquidity for AMM pools, and participating in structured staking programs.
Ryan Chow, co-founder and CEO of SOLV, stated that his protocol has proven "Bitcoin can serve as productive capital," and the next phase of expansion will be to "offer secure, compliant, and high-yield treasury solutions to Japan's most forward-thinking companies."
According to the company, SOLV has received investment support from entities including Binance Labs and Blockchain Capital, managing assets exceeding $2.8 billion.
According to Bitbo, there are 11 publicly listed companies headquartered in Japan that hold Bitcoin on their balance sheets. The company with the largest Bitcoin holdings in Japan, ranking fourth overall, is Metaplanet, which has approximately 30,823 coins on its balance sheet.
Following closely is the South Korean video game developer Nexon, headquartered in Japan, which holds 1,117 Bitcoins. The top three also include consulting services firm Remixpoint, which holds 1,273 coins.
Only one private company in Japan holds any Bitcoin, namely Mt. Gox, which, despite declaring bankruptcy in 2014, still holds over 34,000 tokens.
Related: Regulators seek input from the crypto industry on UK investment reforms
Original: “Animoca and Solv to Assist Japanese Bitcoin (BTC) Enterprises in Generating Yield”
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