Both companies will guide on treasury and regulatory practices.
Solv Protocol, a DeFi platform focused on Bitcoin, has teamed up with Animoca Brands Japan to expand institutional on-chain treasury services in Japan.
Under this initiative, Solv Protocol and Animoca Brands Japan, a subsidiary of the Hong Kong-headquartered web3 giant Animoca Brands, will jointly serve corporates and listed entities “with large BTC treasuries,” according to a press release shared with The Defiant.
While Animoca Brands Japan will provide guidance on treasury practices, Solv Protocol will be offering institutional custody solutions powered by SolvBTC, a wrapped version of Bitcoin. The companies say this approach is meant to simplify the shift for organizations that are not familiar with crypto, offering a structured entry point into on-chain finance.
Commenting on the collaboration, Kensuke Amo, CEO of Animoca Brands Japan, said that the firm aims 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.” Animoca Japan also says the move is part of its broader Digital Asset Treasury (DAT) initiative.
Bitcoin in Treasuries
Data from Bitcoin Treasuries shows that public companies collectively hold more than 1 million BTC — with Michael Saylor’s Strategy by far the largest holder with over 660,000 BTC — while private firms control roughly 280,000 BTC.
When adding in BTC exchange-traded funds and other large holders, Bitcoin treasury entities collectively manage over 4 million BTC, around 20% of Bitcoin’s maximum supply.
As of press time, SolvBTC holds over $1 billion in total value locked, with about 90% deployed on the Bitcoin network alone, according to DefiLlama data. The rest is allocated across BNB Chain, Solana, Avalanche, and other networks.
