Tokyo Stock Exchange considers curbs on listed firms hoarding crypto assets
Japan Exchange Group (JPX), operator of the Tokyo Stock Exchange, is examining new measures to rein in a rise in listed companies that accumulate large cryptocurrency holdings as part of their treasury strategy, according to people familiar with the discussions. Regulators are becoming concerned that the growing number of digital-asset treasury (DAT) firms poses governance and investor-protection risks, particularly after sharp drops in several such companies’ share prices.
- JPX is considering stricter application of rules designed to prevent backdoor listings and may require some firms to undergo fresh audits, though no decisions have been finalised.
- The exchange has already pushed back on several companies’ crypto-purchase plans:…
