Metaplanet ADR begins trading on US OTC market

American Depositary Receipts (ADRs) for Metaplanet, a publicly traded Japanese company that holds Bitcoin as a key corporate asset, began trading on the U.S. over-the-counter (OTC) market on Dec. 19, Coindesk reported. The ticker for the ADR is MPJPY. This development allows U.S. investors to invest in Metaplanet using U.S. dollars without needing to open a Japanese brokerage account. Deutsche Bank, Germany's largest bank, is serving as the depositary, while Mitsubishi UFJ Financial Group (MUFG), one of Japan's three largest banks, is acting as the custodian.