Metaplanet Launches Sponsored ADR Program to Deepen U.S. Institutional Access and Liquidity
Metaplanet (TSE: 3350) has formally established a Sponsored Level I American Depositary Receipt (ADR) program, a strategic move aimed at streamlining access for U.S. investors and bolstering liquidity in North American markets.
Effective December 19, 2025, the program has appointed Deutsche Bank Trust Company Americas as the depositary bank. The ADRs will trade on the U.S. over-the-counter (OTC) market under the new ticker symbol MPJPY. The instrument is structured on a one-to-one ratio, where one ADR represents one common share of Metaplanet stock.
The initiative marks a significant upgrade to the company’s capital markets strategy. Previously, U.S. investors were limited to trading via the unsponsored ticker "MTPLF." According to Metaplanet management, the unsponsored structure presented settlement and liquidity barriers that frequently deterred institutional capital.
By transitioning to a formal, sponsored program, Metaplanet is directly targeting asset managers and fiduciary institutions that are often restricted by mandate from holding equity outside of formal ADR structures. The new framework ensures U.S. dollar-denominated trading and settlement, aligning the company with standard U.S. securities infrastructure to reduce transaction friction.
"This structure aligns Metaplanet with international best practices and brings our investor access strategy in line with those adopted by leading global public companies," the company stated, noting the move is designed to satisfy increasing demand from U.S.-based stakeholders.
Metaplanet clarified that this program is strictly an instrument for market accessibility and does not constitute a capital raise; it will have no impact on the total number of common or preferred shares issued. MUFG Bank will act as the custodian bank in Japan.
Norbert Gehrke
