Metaplanet To Debut Us Trading With Deutsche Bank Under Mpjpy

Metaplanet will debut US trading via American Depositary Receipts, aiming to broaden access for US investors without raising new capital.

Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the United States on the OTC market via American Depositary Receipts (ADRs).

Trading in Metaplanet’s ADRs is expected to start on Friday, with its shares listed in US dollars on the over-the-counter (OTC) market under the ticker symbol MPJPY, according to an announcement.

“This directly reflects feedback from US retail and institutional investors seeking easier access to our equity,” Metaplanet CEO Simon Gerovich said in an X post on Friday, adding that the launch marks another step to broader global access to the company.

The launch comes months after Metaplanet established a US subsidiary in Miami with an initial capital of $15 million to grow Bitcoin (BTC) income.

Metaplanet’s ADR program is launched through a sponsored level trust agreement with Deutsche Bank Trust Company Americas, acting as depositary, and MUFG Bank as custodian in Japan.

American Depositary Receipts are financial instruments issued by US banks that represent shares of non-US companies, allowing US investors to buy and sell shares of foreign firms without the need to trade directly on foreign exchanges.

“The ADRs are not intended to raise funds, but to fund the issuance of common shares and preferred shares by the company,” Metaplanet said.

The ADR program differs from Metaplanet’s MTPLF offering, which began trading on the OTC Markets Group’s OTCQX market in December 2024.

“It [MTPLF] is not based on a sponsored ADR program,” the company noted in the announcement.

Source: CoinTelegraph