Metaplanet plans to create a wholly owned Hong Kong subsidiary with $1 million in initial capital. The unit will manage Bitcoin-linked investments during Asian market hours. Incorporation is expected before the end of September 2026.
What Will the New Hong Kong Unit Do?
The board approved Metaplanet Asset Management Asia Limited in a Sept. 11 disclosure. According to the firm, the new business entity will be responsible for trading and monitoring of its assets while US financial markets are closed. The new division will help manage risks during the trading day in Asia.
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The new business entity is expected to allocate the funds of the clients as well as the company capital across several liquid markets. Some of the mandates of this new business entity include Bitcoin, listed stocks, preferred stock, credit products, derivatives, and structures.
The company will handle all buying and selling activities for assets managed by the investment divisions of the company. It might also monitor the market and make changes to the positions during Asian hours. The announcement did not identify any initial assets under management.
Why Is the Group Building the Subsidiary?
The firm described the Hong Kong operation as part of Project Nova. Its objective is to develop financial services using the firm’s Bitcoin treasury. The project encompasses asset management, securities, credit products, and capital market operations.
The firm claimed that this new set-up would help diversify investment operations in Asia, the US, and Europe. Hong Kong will handle execution and operational activities when other markets are closed. Meanwhile, Miami will continue to be the firm’s primary base for institutional investments.
The firm characterized this decision as an infrastructure play for its current strategy. They did not portray the subsidiary as a new strategic shift for the firm. The firm’s filing indicated that this subsidiary would have little effect on 2026 consolidated results.
Who Will Run the Operation?
Directors Simon Gerovich, Darren Winia, and Kelvin Lee will run the new company. The filing did not identify other employees or disclose planned hiring numbers. Investors outside the firm were also not named in the filing.
The holding company will have 100% ownership of the subsidiary in Hong Kong. In an English reproduction of the filing, $1 million is identified as the capital contribution. No further capital injection timetable was specified in the filing.
The group currently conducts a business that invests in institutional investments in Miami. The Miami business was formed in March 2026 and is the US side of the investment structure that the firm set up, as per its previous disclosure.
Where Does the Unit Fit in the Wider Strategy?
The firm has also strengthened its infrastructure for issuing securities in Japan. In June, it reached an agreement to purchase Siiibo Securities for 2.1 billion yen. The transaction was completed in July, and the firm was rebranded as Metaplanet Securities.
The brokerage has a Type I Financial Instruments Business license. This license allows the platform to issue various investment products within the Japanese regulatory environment. This initiative has been connected to the company’s financial services strategy.
Metaplanet is also collaborating with JPYC and Progmat on potential digital credits based on Bitcoin. The firms have explored such innovations as digital corporate bonds, security tokens, and Bitcoin-based credit products. No specific launch date and commercial terms have been shared.
The Hong Kong filing outlines several investment categories for the new entity. They range from Bitcoin-related perpetual preferred securities, derivatives, and structured product income strategies. The firm may also focus on equity and credit investments of corporations that hold Bitcoin.
The firm hopes that the incorporation of the Hong Kong subsidiary will occur prior to the end of September. The announcement did not reveal the start of trading operations. Neither did it disclose when it would begin to manage client funds.
No Hong Kong Securities and Futures Commission license was mentioned in the announcement. No details were disclosed on whether the operations will use a Hong Kong license, an exemption, or some other group entity regulated by authorities.
However, the group is pursuing a US acquisition involving Nasdaq-listed Super League Enterprise. The deal will inject 2,100 BTC and $2.5 million into the company.
The group is supposed to own a 95.7% stake prior to taking into account some warrants. Also, the company can employ Bitcoin in future financing operations.
Super League plans to rename itself Superplanet, Inc., and change its Nasdaq ticker to SUPA at closing. Under the agreement, Metaplanet would designate five members of the nine-person board of directors.
A five-year lockup will apply to common shares issued through the initial transaction, warrant exercises, or preferred-stock conversions.
Metaplanet reported holding 43,000 BTC in treasury after buying 2,823 BTC during the second quarter.
In August, 5,014 BTC were transferred between company-operated custodial addresses. According to Gerovich, “No bitcoin was sold, and our holdings remain 43,000 BTC.”
Metaplanet noted that the financial impact of the Hong Kong subsidiary will be disclosed later. At the moment, management estimates the impact on results as minor until the year-end of Dec. 31, 2026. The revenue forecasts for the subsidiary have not been disclosed in the announcement.
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