Japan Exchange Group Weighs Tighter Oversight of Corporate Crypto Treasuries

Overview

• JPX is exploring tougher backdoor‑listing reviews and fresh audits for companies pivoting to hold digital tokens as treasury assets, Bloomberg reported.
• The exchange has pushed back on three firms seeking digital‑asset treasury strategies and cautioned that financing could be curtailed if token accumulation remains central.
• Officials are scrutinizing governance and shareholder‑protection risks even though no explicit rule prohibits listed companies from stockpiling crypto.
• The moves follow boom‑bust surges in crypto‑tilted stocks that have left retail investors with significant losses.
• Japan counts 14 bitcoin‑holding listed companies, including Metaplanet, which is reported to hold over 30,000 BTC as its shares have fallen more than 70% from a June peak.