WebX 2026: Shinpei Okuno, Metaplanet's Executive Officer, Capital Markets & IR, discusses the Digital Credit roadmap. Phase 1: Issue BTC backed prefs and bonds at 4-6% yield. Build JP investor familiarity with a new asset class. Phase 2: Security tokens + JPYC settlement. Dramatically shorten analog interest/dividend cycle; tokenized rails compress toward T+0, enabling higher frequency interest and dividend payments. Phase 3: Build the secondary market: market making, real liquidity, dynamic pricing.(Dylan LeClair)