Japanese listed company Metaplanet has recently made a major move—officially submitting a Form F-6 application to the U.S. SEC, aiming to register American Depositary Receipts (ADRs). This operation is managed by Deutsche Bank Trust Company Americas as the depositary.

According to the application documents, Metaplanet plans to register 200 million ADS (each representing 1 common share), with a nominal scale of approximately $10 million. This indicates that they are preparing to enter the U.S. capital market, allowing American investors to participate more conveniently in this company through ADRs.

For crypto asset-related companies operating in Japan and international markets, submitting an ADR application to the SEC is usually a key step to further expand financing channels and enhance international recognition. The SEC’s approval process involves strict review of the application materials, including financial disclosures and risk disclosures. This move reflects Metaplanet’s emphasis on the international market and also demonstrates the openness of the U.S. capital market towards crypto asset-related companies.