Japan’s Metaplanet Launches Sponsored ADR Program in U.S. Markets
Metaplanet Inc., often dubbed 'Asia’s MicroStrategy,' has initiated a Sponsored Level I American Depositary Receipt (ADR) program, trading under the ticker 'MPJPY' on the U.S. OTC market. The move, facilitated by Deutsche Bank and MUFG Bank, transitions the firm from an unsponsored OTC structure to a sponsored framework, eliminating custodial hurdles for institutional investors.
The ADR program, set at a 1:1 ratio with common shares, aims to globalize Metaplanet’s shareholder base without diluting equity. While no new capital is raised, the strategic shift removes barriers that previously constrained U.S. institutional participation, marking a pivotal step in the company’s expansion strategy.