Metaplanet to start sponsored ADR program to woo over-the-counter U.S. investors

The sponsored level I ADR listing strengthens U.S. investor access, settlement quality and market credibility, the company said. What to know : Metaplanet’s sponsored level I ADRs will trade over the counter under the ticker MPJPY starting Dec. 19. The ADRs will offer U.S. dollar settlement, improved liquidity and standardized U.S. market infrastructure without raising new capital. Metaplanet shares rose 6% in Tokyo trading to 443 yen ($2.80).(Coindesk)