📅 29 June 2026 | EarnFree.in | Crypto Business
Three major corporate developments in the crypto and digital asset space this weekend. Japan’s Metaplanet raised $137 million through a third-party share allotment — its largest single capital raise — to buy more Bitcoin, doubling down on its “Asia’s MicroStrategy” strategy. Tether pushed its tokenised gold strategy into lending — XAUT holders can now borrow against their gold without selling, mirroring bitcoin-backed lending. And BingX’s TradFi stocks daily volume surged 700% in just five days as crypto users pile into tokenised equities — a sign that the lines between crypto and traditional markets are dissolving fast.
🏯 Metaplanet’s $137M Bitcoin Raise — Asia’s MicroStrategy Goes Bigger
| Metric | Value |
|---|---|
| Capital raised | $137 million (third-party allotment) |
| Purpose | Bitcoin acquisition |
| Metaplanet BTC holdings (est.) | ~12,345 BTC |
| Strategy (MicroStrategy) holdings | ~580,000 BTC (still 47x larger) |
| BTC price at raise | ~$60,000 ($137M = ~2,283 more BTC) |
| Metaplanet strategy | “Bitcoin Treasury Standard” — same as Saylor, but in Japan |
| Japan crypto market context | SBI just bought Bitbank for $289M — Japan going all-in on crypto |
🥇 Tether XAUT — Borrow Against Your Tokenised Gold
Tether announced it is extending its tokenised gold strategy by allowing holders of XAUT (Tether Gold) to borrow against their gold holdings without selling them — mirroring the bitcoin-backed lending model. Each XAUT represents 1 troy ounce of gold held in Switzerland. With gold near $3,275 (7-month low), XAUT holders now have a new tool: keep gold exposure while unlocking liquidity. This development is significant for Indian investors, who are the world’s largest gold consumers. Tether’s move creates a bridge between India’s gold-loving culture and DeFi lending — expect Indian fintech to explore XAUT-backed INR loans if SEBI frameworks allow.
📈 BingX TradFi Stocks: +700% Volume in 5 Days
BingX crypto exchange reported that its TradFi (tokenised traditional finance) stocks section saw daily trading volume surge 700% in just five days. This includes tokenised versions of Apple, Nvidia, Tesla, and other US stocks trading 24/7 on blockchain rails. Simultaneously, MEXC listed five ONDO tokenised stocks trading pairs across AI, semiconductors, and energy sectors. The pattern is clear: crypto users want traditional stock exposure without traditional market hours or brokers. This trend — “crypto rails for TradFi assets” — is what Securitize’s NYSE IPO (SECZ, listing July 2) is built on.
🇮🇳 India Takeaways — Opportunities Right Now
- 📌 Metaplanet = validation for Bitcoin treasury thesis: If a listed Japanese company keeps buying BTC at $60K, the floor is more supported than ETF outflow headlines suggest.
- 📌 Tether gold = new product: Indian HNIs with gold holdings can explore XAUT as a digital gold proxy — check platforms that support XAUT (Binance, OKX).
- 📌 Tokenised stocks on crypto: Platforms like BingX allow 24/7 trading of tokenised US stocks — a legal grey area in India, but watch this space as SEBI defines digital securities.
⚠️ Disclaimer: This article is for informational purposes only. Tokenised assets carry unique risks. This is not investment advice. Always consult a SEBI-registered advisor.
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