Coincheck, KDDI sign $65M share subscription, investor rights agreement

Coincheck Group (CNCK) and KDDI Corporation (KDDIY) entered into an agreement pursuant to which KDDI, a telecommunications company with one of the largest customer bases in Japan, will invest in Coincheck Group. Concurrently with the signing of the Subscription Agreement, Coincheck Group’s Japanese subsidiary, Coincheck, Inc., entered into a business alliance agreement with KDDI focused on collaborative initiatives aimed at expanding the digital asset market in Japan, including through mutual customer referral programs and related revenue sharing and referral fees. By combining KDDI’s distribution reach and trusted consumer interfaces with Coincheck’s crypto asset platform and product expertise, the parties aim to reduce onboarding friction, broaden mainstream access to digital assets, and expand practical day-to-day use cases across KDDI’s ecosystem in Japan. Under the Subscription Agreement, KDDI will subscribe for 28,536,516 newly issued Coincheck Group ordinary shares at a price of $2.28 per share, for an aggregate cash purchase price of $65,063,256.48 The Transaction is expected to close in June 2026. KDDI will receive registration rights for the acquired shares and will have the right to nominate one individual for appointment to the Company’s board, as a non-executive director, at Coincheck Group’s next Annual General Meeting, which is anticipated to be held in September 2026.