Japan's Shibo Securities to seek name change to Metaplanet Securities

Japanese brokerage Shibo Securities, which was acquired by the Bitcoin-accumulating firm Metaplanet, has announced plans to change its name to Metaplanet Securities. The change is subject to shareholder approval at a meeting scheduled for July 13. Following the integration, the company intends to build a "BTC x Finance" platform to provide Bitcoin-based products to retail investors. This move follows Metaplanet's previously announced acquisition of a 100% stake in Shibo Securities for 2.1 billion yen ($13 million).