Japan telecom giant KDDI plans to invest $65 million to acquire a stake in Coincheck

Odaily Planet Daily News Japanese telecom company KDDI will subscribe to 28.5 million newly issued shares of Coincheck Group at $2.28 per share, with a total transaction value of approximately $65 million. Upon completion of the transaction, KDDI will hold approximately 14.9% of Coincheck's shares, with the deal expected to close in June 2026.

The two parties have also signed a business cooperation agreement, planning to collaborate on user acquisition, revenue sharing, and digital asset services. Reports indicate that Coincheck will leverage KDDI's user ecosystem, including au, UQ mobile, and povo, to expand its crypto business coverage, while KDDI will gain exposure to compliant digital asset infrastructure through the partnership.

The report notes that large Japanese companies are gradually entering the digital asset industry through cooperative models rather than building their own trading infrastructure. (FinanceFeeds)