Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Metaplanet to start sponsored ADR program to
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Metaplanet to start sponsored ADR program to
Metaplanet to start sponsored ADR program to woo over-the-counter U.S. investors
Metaplanet to start sponsored ADR program to woo over-the-counter U.S. investors
The sponsored level I ADR listing strengthens U.S. investor access, settlement quality and market credibility, the company said.
By James Van Straten, AI Boost|Edited by Sheldon Reback
Dec 19, 2025, 9:41 a.m.
ADRs of Japan-based Metaplanet will start trading OTC on Friday. (DavidRockDesign/Pixabay modified by CoinDesk)
What to know:
- Metaplanet’s sponsored level I ADRs will trade over the counter under the ticker MPJPY starting Dec. 19.
- The ADRs will offer U.S. dollar settlement, improved liquidity and standardized U.S. market infrastructure without raising new capital.
- Metaplanet shares rose 6% in Tokyo trading to 443 yen ($2.80).
Japanese bitcoin treasury company Metaplanet (3350) said its American depositary receipts (ADRs) will start trading Dec. 19 on the U.S. over-the-counter (OTC) market under the ticker MPJPY.
The securities are designed to improve access, transparency and operational efficiency for U.S. based investors in the fourth-largest corporate holder of bitcoin BTC$87,993.57. They will replace existing, unsponsored OTC trading under the MTPLF ticker, which lacked a formal deposit agreement and direct company involvement. The ADRs meet level I issuance standards, meaning they are subject to the lowest level of compliance and regulation and cannot trade on regulated exchanges.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
Each ADR represents one common share and settles through standard U.S. securities infrastructure. Deutsche Bank Trust Company Americas will act as depositary, with MUFG Bank serving as custodian in Japan. The program is not intended for capital raising and does not affect the company’s total shares outstanding.
Even though the ADRs are limited to OTC trading rather than on Nasdaq or the NYSE, they offer materially improved settlement, much broader brokerage access and significantly lower trading fees than unsponsored OTC instruments, Dylan Le Clair, head of bitcoin strategy at the Tokyo-based company, said in a post on X.
The structure removes key barriers for both retail and institutional investors, many of whom require compliant ADR frameworks due to regulatory and custodial mandates, he said.
Metaplanet shares rose more than 6% in Tokyo to 443 yen ($2.80).
Bitcoin NewsMetaPlanet
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
XRP higher after early dip as buyers step in near $1.80
Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
What to know:
- XRP rose 4.26% to $1.85, recovering from early losses despite low trading volume.
- VivoPower's partnership to acquire Ripple Labs equity indirectly boosted sentiment toward XRP.
- Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
Read full story
Latest Crypto News
Bybit returns to UK with 100 crypto trading pairs after 2-year break
XRP higher after early dip as buyers step in near $1.80
Crypto breaks higher as BOJ decision clears a macro overhang
Bitcoin jumps above $87,000, yen slides as Bank of Japan hikes interest rates
Senate confirms Trump crypto-friendly nominees to take over CFTC, FDIC
Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Top Stories
Bitcoin jumps above $87,000, yen slides as Bank of Japan hikes interest rates
Senate confirms Trump crypto-friendly nominees to take over CFTC, FDIC
Crypto breaks higher as BOJ decision clears a macro overhang
What if crypto's U.S. market structure effort just never gets there?
U.S. SEC aids brokers on crypto custody, looks more closely at ATS activity
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
Market Opportunity
Wootrade Network Price(WOO)
$0.02764
$0.02764$0.02764
USD
Wootrade Network (WOO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon
The post CEO Sandeep Nailwal Shared Highlights About RWA on Polygon appeared on BitcoinEthereumNews.com. Polygon CEO Sandeep Nailwal highlighted Polygon’s lead in global bonds, Spiko US T-Bill, and Spiko Euro T-Bill. Polygon published an X post to share that its roadmap to GigaGas was still scaling. Sentiments around POL price were last seen to be bearish. Polygon CEO Sandeep Nailwal shared key pointers from the Dune and RWA.xyz report. These pertain to highlights about RWA on Polygon. Simultaneously, Polygon underlined its roadmap towards GigaGas. Sentiments around POL price were last seen fumbling under bearish emotions. Polygon CEO Sandeep Nailwal on Polygon RWA CEO Sandeep Nailwal highlighted three key points from the Dune and RWA.xyz report. The Chief Executive of Polygon maintained that Polygon PoS was hosting RWA TVL worth $1.13 billion across 269 assets plus 2,900 holders. Nailwal confirmed from the report that RWA was happening on Polygon. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 The X post published by Polygon CEO Sandeep Nailwal underlined that the ecosystem was leading in global bonds by holding a 62% share of tokenized global bonds. He further highlighted that Polygon was leading with Spiko US T-Bill at approximately 29% share of TVL along with Ethereum, adding that the ecosystem had more than 50% share in the number of holders. Finally, Sandeep highlighted from the report that there was a strong adoption for Spiko Euro T-Bill with 38% share of TVL. He added that 68% of returns were on Polygon across all the chains. Polygon Roadmap to GigaGas In a different update from Polygon, the community…
Share
BitcoinEthereumNews2025/09/18 01:10
Laser Cutting Services San Diego: Precision Solutions for Modern Manufacturing
Laser cutting services in San Diego play a vital role in today’s manufacturing and fabrication industries. From small custom projects to large-scale production,
Share
Techbullion2025/12/23 13:40
Softens near 104.00 amid intervention fears, broader uptrend prevails
The post Softens near 104.00 amid intervention fears, broader uptrend prevails appeared on BitcoinEthereumNews.com. The AUD/JPY cross attracts some sellers near
Share
BitcoinEthereumNews2025/12/23 12:54