Tokyo Exchange Considers Limits on Listed Firms Holding Large Crypto Treasuries
Bloomberg says the Japan Exchange Group (JPX), operator of the Tokyo Stock Exchange, is exploring ways to limit the number of companies listed that hold large amounts of digital tokens in their corporate treasuries. Officials are reportedly looking at options to tighten rules — such as additional disclosure, stricter listing criteria or caps on token holdings — although no formal policy has been announced. If enacted, the measures would directly affect crypto-native issuers and public companies that have used digital assets as a treasury strategy, raising compliance costs and potentially constraining fundraising or balance-sheet practices. The move matters for investors and market participants because it signals a more cautious stance from a major exchange on how digital-assets practices intersect with market integrity and shareholder protection. JPX may open consultations before finalizing any changes, and details and timing remain unclear.