Japan plans to revise rules for companies with cryptocurrencies on their balance sheets.

New requirements aim to protect investors from losses due to market volatility.

Tokyo Stock Exchange tightens oversight of crypto companies

13.11.2025 - 10:55

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2 min

Key points:

Japan Exchange Group (JPX) is considering measures to limit the growth in the number of public companies holding digital tokens as treasury assets.
Proposed steps include tightening listing rules and additional screening of companies entering the crypto sector.

According to Bloomberg, Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is considering measures to curb the growth of public companies that hold digital tokens as treasury assets.

Possible steps include tightening listing requirements, revising rules on backdoor listings, and conducting additional checks on companies switching to the cryptocurrency business. These measures are aimed at protecting the interests of investors.

Since September, JPX has already rejected three Japanese companies that planned to use digital assets as their primary means of accumulation, warning that such a strategy could limit their ability to raise capital.

The regulator is closely monitoring such companies from the perspective of corporate governance and shareholder protection. However, there are currently no direct bans on the storage of cryptocurrency by public companies.

JPX’s cautious stance is due to the high volatility of such issuers’ shares. Sharp fluctuations in digital asset prices have already led to serious losses among retail investors.

Japan currently leads Asia in the number of public companies that own bitcoins, with 14 such companies. Among them is Metaplanet, whose shares are traded in Tokyo. The company owns more than 30 000 BTC, but its shares have fallen in price by more than 70% since June.

In October, Japan included cryptocurrencies in the Financial Instruments and Exchange Act (FIEA), equating them with securities.

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