Coincheck Group N.V. (NASDAQ:CNCK) and DFNS, a wallet infrastructure for institutional finance, have announced a partnership focused on digital asset wallet technology and custody services in Japan.

DFNS and Coincheck Group plan to collaborate on the deployment of DFNS’s technology to support Coincheck Group’s Japanese subsidiary, Coincheck, Inc., the Tokyo-based retail crypto asset exchange provider. This should enable Coincheck to support the development of secure, institutional-grade custody to Japanese financial institutions, compliant with regulatory requirements and the execution of definitive agreements.

This relationship with DFNS is designed to address the requirements of the Company’s institutional expansion with a platform built for institutional-scale digital asset operations.

DFNS’s wallet-as-a-service platform brings together transaction lifecycle management, workflow orchestration, policy and governance controls, key management, and third-party service integration into one secure control plane.

The platform supports over 100 blockchain networks and offers flexible deployment across SaaS, hybrid, and on-premises configurations with native HSM support — a critical requirement for operating across regulatory regimes that increasingly demand jurisdictional control over key material.

“Coincheck Group has forged trust with Japanese retail customers over the last decade and extending that into institutional services requires building a different class of custody infrastructure,” said Pascal St-Jean, CEO of Coincheck Group. “DFNS’s wallet technology and institutional expertise enhance our existing capabilities.”

Clarisse Hagège, CEO of DFNS, added: “Japan represents one of the most sophisticated and well-regulated digital asset markets in the world, and its trust banks set a high bar for institutional custody globally. We are pleased to work alongside Coincheck Group as it extends its leadership into institutional services and to bring our wallet infrastructure to the Japanese market.”