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- Metaplanet launches a limited-time waiver on ADR issuance fees for U.S. investors.
- The MPJPY ADR program aims to improve access, liquidity, and trading efficiency.
- The company expects no material financial impact from the initiative in 2026.
Metaplanet Inc. has introduced a new step to strengthen its presence in the United States. The company announced a fee waiver period for its Sponsored Level 1 American Depositary Receipt program. This program started on December 19, 2025. It allows U.S. investors to access the company’s shares more simply.
The ADR is traded under the symbol MPJPY in the United States’ OTC market. One ADR corresponds to one ordinary share. The Deutsche Bank Trust Company Americas is responsible for serving as the depositary bank in the ADR program. This arrangement allows the investor to establish an immediate connection with the issuer’s stock.
A period of 60 days of issuance without fees will be established by the company. This will cover the period between April 13, 2026, and June 12, 2026. During this period, there is no issuance fee required to purchase ADRs, which normally ranges from $0.05 per ADR unit.
Metaplanet Offers Two Investment Options in the U.S.
Currently, Metaplanet provides its investors in the United States two different formats of shares, namely F-Shares with the ticker MTPLF and ADR Shares with ticker MPJPY. Both options provide representation of the same share. However, the two mechanisms are different since F-Shares depend on the Japanese settlement system.
In particular, the Japanese settlement system could limit access to the shares from US brokers, and also cause delays. In contrast to F-Shares, ADR Shares are issued using the system of the US Depository Trust Company. That allows for fast settlements and wider access to shares from a variety of brokers.
Currently, Robinhood, Fidelity, Charles Schwab, and other big companies offer ADR Shares. The wider access might become attractive to more investors. In addition, the use of the US Depository Trust Company system makes dividends more accessible and easier to manage since payments will be in USD, and votes are also easily controlled.
Limited Costs and Long-Term Strategy
Some fees will apply to the ADR program except those that are within the waiver period. These fees include the issuance fee, which can be paid by the investor when shares are converted. There is also a yearly service fee of $0.01 for each ADR issued in 2026 and 2027. Brokers will impose additional fees for the process as well. Nevertheless, the firm claims that the ADR is meant for the long run.
This will improve liquidity and price discovery, and the increasing availability of such on different platforms will aid this purpose. The company has declared that the program will not affect its finances for the fiscal year ending December 31, 2026. In their opinion, this is more of a structural measure rather than an income-generating one.
The existence of the Free Issuance Period provides a narrow window of opportunity for investors. They will be able to make a conversion free of any charges, while new investors will be allowed to gain entry into the market.
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