"KDDI will subscribe to 28,536,516 newly issued ordinary shares of Coincheck Group at $2.28 per share. The transaction is expected to close in June 2026. As part of the agreement, KDDI gains the right to nominate one non-executive director to Coincheck Group's board at the next Annual General Meeting, anticipated in September 2026. KDDI also receives registration rights for the acquired shares."
"The partnership extends beyond the equity stake. KDDI and Coincheck, Inc. entered a business alliance to drive customer referrals, revenue sharing, and joint product development. KDDI brings a customer base of more than 30 million users through its au brand, along with banking and payment services under au Financial Holdings. Coincheck contributes its licensed crypto exchange infrastructure and user base, built since the company's founding in 2012."
"Together with au Financial Holdings, the two companies formed a joint venture called au Coincheck Digital Assets, Inc. KDDI holds a 50.1% stake in the new entity, Coincheck holds 40%, and au Financial Holdings holds 9.9%. The venture plans to launch a non-custodial digital asset wallet in summer 2026, giving users direct control of their private keys. The platform will also support onchain content and connections to digital asset transaction services."
"Coincheck Group shares climbed up to 35% on May 12 as investors responded to the KDDI partnership announcement. The deal, revealed this week, positions KDDI alongside Coincheck Group, a Nasdaq-listed Dutch holding company that operates one of Japan's most downloaded licensed crypto exchanges. KDDI paid $65 million for a 14.9% stake in Coincheck Group N.V., with the deal closing in June 2026."
KDDI will pay $65 million to acquire a 14.9% stake in Coincheck Group N.V., with the transaction expected to close in June 2026. KDDI will subscribe to 28,536,516 newly issued ordinary shares at $2.28 per share and will receive registration rights for the acquired shares. KDDI will also be able to nominate one non-executive director to Coincheck Group’s board at the next Annual General Meeting expected in September 2026. Beyond the equity investment, KDDI and Coincheck, Inc. formed a business alliance for customer referrals, revenue sharing, and joint product development. The companies and au Financial Holdings created au Coincheck Digital Assets, Inc., where KDDI holds 50.1%, Coincheck holds 40%, and au Financial Holdings holds 9.9%. The venture plans to launch a non-custodial digital asset wallet in summer 2026 that gives users direct control of private keys and supports onchain content and connections to transaction services.
Read at news.bitcoin.com
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