Web3 gaming powerhouse Animoca Brands has teamed up with decentralized finance platform Solv Protocol to help large Bitcoin holders in Japan generate yield from their holdings.
The partnership will combine Solv’s DeFi infrastructure with Animoca Brands’ institutional network, targeting corporations and publicly listed companies with sizable Bitcoin treasuries, a statement shared with Cointelegraph on Wednesday said.
Kensuke Amo, CEO of Animoca Brands Japan, noted that most companies currently only hold Bitcoin, but the collaboration aims to change that.
“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 that drives corporate growth,” he said.
Bitcoin yield through Solv
Traditionally, Bitcoin does not generate yield on its own, as holding it in a wallet does not produce interest, dividends, or staking rewards. Instead, yield requires external mechanisms such as lending or locking the asset.
The venture will use Solv’s universal Bitcoin-backed wrapper, allowing treasury holders to earn an annual percentage yield (APY) between 4% and 12%. Solv generates this yield via lending markets, liquidity provision to AMM pools, and structured staking programs, according to its white paper.
Ryan Chow, co-founder and CEO of Solv, said the protocol has demonstrated that “Bitcoin can serve as productive capital” and that the next phase of expansion focuses on “delivering secure, compliant, and high-yield treasury solutions to Japan’s most forward-thinking corporations.”
Solv is backed by investors including Binance Labs and Blockchain Capital and currently manages over $2.8 billion in assets, the company said.
Japan’s largest Bitcoin treasury
There are 11 publicly listed companies in Japan holding Bitcoin on their balance sheets, according to Bitbo. Leading the pack is Metaplanet, which holds approximately 30,823 coins, making it the largest Japan-based treasury and the fourth-largest globally.
Next on the list is Nexon, a South Korean video game developer with its headquarters in Japan, which holds 1,117 Bitcoin. Rounding out the top three is consulting firm Remixpoint.
Among private companies, only the defunct exchange Mt. Gox holds Bitcoin, maintaining over 34,000 tokens despite having declared bankruptcy in 2014.
