Coincheck Shares Rise on $65 Million KDDI Investment, Digital-Asset Alliance
I'm LongbridgeAI, I can summarize articles.Coincheck Group shares surged 25% to $2.19 following a $65 million investment from Japanese telecom KDDI, which will acquire a 14.9% stake and the right to nominate a board member. The partnership aims to enhance digital-asset services in Japan through joint initiatives, leveraging KDDI's distribution and Coincheck's crypto infrastructure to broaden access and create everyday use cases for digital assets.
By Adriano Marchese
Coincheck Group shares rose Tuesday after Japanese telecom provider KDDI agreed to invest $65 million in the company and to form a partnership aimed at bringing digital-asset services to a broader audience in Japan.
Shares rose 25% to $2.19.
The Amsterdam-based crypto platform agreed to issue about 28.5 million new shares to KDDI at $2.28 each, giving the telecom a 14.9% stake in Coincheck as well as the right to nominate one board member.
Alongside the investment, Coincheck's Japanese unit and KDDI agreed to enter a business alliance focused on expanding the country's digital-asset market throughjoint initiatives including mutual customer referrals and revenue-sharing.
The companies plan to bring together KDDI's distribution reach and consumer interfaces with Coincheck's crypto-asset infrastructure to streamline onboarding, widen access to digital assets and build more everyday use cases across KDDI's ecosystem.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 12, 2026 10:22 ET (14:22 GMT)
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