Overview
- KDDI said Wednesday it will buy a 14.9% stake in Coincheck for $65 million by subscribing to 28.5 million new shares at $2.28 each, with closing expected in June.
- The companies signed a business alliance that sets revenue sharing and customer referrals to reach KDDI users through Coincheck’s trading, custody, staking and asset-management services.
- Their joint venture, au Coincheck Digital Assets, plans a non-custodial wallet by summer 2026 so users hold their own keys, with ownership split at 50.1% KDDI, 40% Coincheck and 9.9% au Financial Holdings.
- KDDI will receive registration rights for its shares and the right to nominate one non-executive director at Coincheck’s next annual meeting, which the firms expect in September.
- The partners flagged consumer features that include converting Ponta loyalty points into stablecoins or crypto and loading those assets onto au PAY gift cards.