Japan’s PTS Brings Bitcoin Mining to US Investors Through Republic

Yokohama-based infrastructure firm Pivotal Trend Service (PTS) is preparing to launch the Pivotal Mining Note (PMN), a digital security backed by real Bitcoin mining infrastructure and offered through US investment platform Republic. The product will operate under Regulation D and Regulation S exemptions in the US, targeting accredited US and international investors seeking regulated Bitcoin exposure. 

Mining meets tokenisation 

PMN gives investors a three-year structured note tied to actual hashrate rather than synthetic price exposure. Over its term, holders accumulate Bitcoin mined by PTS-managed facilities, combining dollar-cost averaging with institutional-grade custody and operations. Subscriptions will be made in stablecoins such as USDC, and investors will receive mined Bitcoin directly. 

PTS describes the initiative as Japan’s first export of a blockchain-based, infrastructure-backed investment product. Founded out of Japan’s telecom sector, the company says its experience in high-uptime engineering underpins the ‘telecom-grade reliability’ of its mining systems. “PMN is a new class of Bitcoin investment product, grounded in real infrastructure and secured by compliance,” said Doer Qu, chief executive of PTS. 

A compliant route into mining 

By partnering with Republic, a New York-based platform that tokenises private-market investments, PTS gains a regulated distribution channel for digital securities. Republic’s network spans more than 150 countries, and its broker-dealer affiliate OpenDeal Broker is registered with FINRA in the US. 

The launch follows a recent wave of tokenised, infrastructure-linked financial products aimed at bridging traditional finance and digital assets. For PTS, the project signals Japan’s emergence as a source of regulated crypto investment products rather than just a consumer market. 

As the Pivotal Mining Note moves towards launch, its success may hinge on whether investors view mining-based accumulation as a safer, steadier way to gain Bitcoin exposure, or simply a more sophisticated way to take the same bet on the world's oldest cryptocurrency.