Metaplanet (OTCQX: MTPLF) has launched its MPJPY American Depositary Receipt (ADR) on the US OTC market, aiming to enhance on-chain trading signals for institutional investors. This strategic move is not a capital raise but is designed to improve access for US investors. Following the announcement, MTPLF shares rose 6.65% in pre-market trading, reaching $433. The company, which holds 30,823 BTC, has partnered with Deutsche Bank Trust for this initiative. Meanwhile, Japanese exchanges are considering stricter regulations for digital asset treasuries, potentially impacting the broader market landscape.