Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 134

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 134
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: the risk of significant price decline due to oversupply and other factors; •operating risk: the risk the asset may fail to continue to be available; •liquidity risk: the risk that holders are unable to transfer or redeem the asset due to low liquidity; and •other risks that are general to crypto assets or unique to certain assets, including hacking risk, risk of losing the asset due to falsification of records and reputation risk to us. Coincheck Staking In January 2025, we announced the launch of our “staking” reward program, Coincheck Staking, for Ethereum (ETH), from which both we and our customers benefit. Staking rewards are a way for cryptocurrency holders to earn more of the same cryptocurrency by actively participating in the blockchain network. By locking up their crypto in a dedicated hot wallet, these users help to validate transactions and maintain the crypto network’s security. In return, they receive additional cryptocurrency as a reward. We facilitate our customers’ staking of ETH via our role as the custodian and account manager for our customers deposited cryptocurrencies and using a third -partyprovider’s staking platform service. When the customer’s staking reward is received by us, we pass it through to the customer’s account, less our service fee (which we currently share with our third -partystaking platform service provider). While we currently use a third -partystaking platform provider to facilitate our customers’ staking, we acquired the staking platform service provider Next Finance in March 2025 for, among other reasons, to be able to have our own staking platform and not have to share our service fee with a third -partyplatform provider. We expect to complete our integration and testing, and be able to provide Coincheck Staking to our customers using our own (i.e. Next Finance’s) staking platform service, during the 2026 calendar year. Coincheck Staking is a separate offering from our Coincheck Lending program that is described later in this section. If a validator, or our third -partyservice platform provider, or the ETH smart contracts, fail to behave as expected, suffer cybersecurity attacks, experience security issues, or encounter other problems, our customers’ assets may be irretrievably lost. In addition, certain blockchain networks dictate requirements for participation in the relevant decentralized governance activity, and may impose penalties, or “slashing,” if the relevant activities are not performed correctly, such as if the staker, delegator, or validator acts maliciously on the network, “