Monex Group, Inc announced that, today, its consolidated subsidiary Coincheck Group N.V. (CCG) has decided to accept a capital investment from KDDI Corporation, and entered into a share subscription agreement with KDDI.

In addition, Coincheck, Inc, a subsidiary of CCG, has entered into a business alliance agreement with KDDI as of today. Furthermore, Coincheck, together with KDDI and au Financial Holdings Corporation, has established au Coincheck Digital Assets, Inc. to promote a non-custodial wallet business.

CCG and KDDI have entered into a share subscription agreement, under which KDDI will subscribe for newly issued ordinary shares of CCG through a third-party allotment at $2.28 per share, for a total of $65,063,256.48. Upon completion of the Transaction, KDDI will hold 14.9% of CCG’s outstanding ordinary shares. It is noted that even after completion of the Transaction, CCG will continue to be a consolidated subsidiary of Monex and is not expected to become an equity-method affiliate of KDDI.