Deutsche Bank announced on December 19, 2025 that it will serve as the depositary bank for the sponsored Level I ADR program of Metaplanet Inc., a Japanese company that has pivoted to a Bitcoin‑treasury model. Each ADR represents one ordinary share of Metaplanet and will trade on the U.S. OTC market under the symbol MPJPY.
The appointment gives Metaplanet a regulated, bank‑backed channel to reach U.S. investors, improving liquidity and credibility. Following the announcement, Metaplanet’s shares rose 6 % in Tokyo and 6.65 % in U.S. pre‑market trading, reflecting investor enthusiasm for the enhanced accessibility and the backing of a major global bank.
For Deutsche Bank, the new relationship adds a fee‑generating depositary service in the U.S. and opens cross‑selling opportunities for its transaction banking and asset‑management businesses. The move dovetails with the bank’s broader digital‑asset strategy, which includes a stablecoin initiative, AI‑driven FX technology, and a partnership with Taurus for custody services.
Management comments underscore the strategic fit. Sabih Behzad, Head of Digital Assets, said the bank is “actively exploring tokenized deposit options and considering launching its own stablecoin.” Paul Maley, Global Head of Securities Services, noted that custodians must adapt to support clients in the growing digital‑asset space. CEO Christian Sewing highlighted the transformative impact of AI and ML, stating that “AI, ML and data will be a game changer in banking.”
The ADR program aligns with Metaplanet’s core business of accumulating Bitcoin to generate a “BTC Yield” for shareholders. By offering U.S. investors a traditional equity instrument tied to Bitcoin performance, the program expands Metaplanet’s investor base and provides a new source of liquidity that can be used to further grow its Bitcoin holdings.
Overall, the appointment positions both Deutsche Bank and Metaplanet to capitalize on the expanding market for crypto‑backed financial products. It signals Deutsche Bank’s continued commitment to digital‑asset services and gives Metaplanet a credible, regulated pathway to deepen U.S. market penetration.
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