TOKYO, May 12 (Pulse News Wire) – Monex Group,inc. (8698.T) announced today that its subsidiary, Coincheck Group NV (CCG), has secured capital participation from KDDI Corporation.
Under the agreement, KDDI will subscribe to newly issued ordinary shares of CCG at $2.28 per share, totaling $.48 dollars. Post transaction, KDDI will hold 14.9% of CCG's outstanding common stock, enhancing CCG’s financial flexibility.
Additionally, CCG and KDDI signed a business alliance agreement aimed at expanding digital asset services within the au economic circle. Through this partnership, Coincheck aims to increase user access to digital assets, including cryptocurrencies, via integration with KDDI’s extensive service offerings such as au jibun Bank and Ponta points.
To further capitalize on growing demand for non-custodial wallets, the two companies established a joint venture, “au Coincheck Digital Assets Co., Ltd.”, focusing on developing easy-to-use non-custodial wallet solutions.
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