Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 79

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 79
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 is a separate

offering from our Coincheck Lending program that is described later in this section.

If a validator, or our third-party service 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, “double signs”

transactions, or if extended downtimes occur. If we or our service providers are slashed by the underlying

blockchain network, our customers’ assets may be confiscated, withdrawn, or burnt by the network, resulting in

losses for which we may be responsible, which could damage our brand and reputation, cause us to suffer financial

losses, discourage existing and potential customers from utilizing our products and services, and adversely impact

our business.

Coincheck NFT Marketplace

Our Coincheck NFT Marketplace, which we launched in 2021, is offered through a separate display screen

to our customers. It was, when launched, the first off-chain NFT exchange platform in Japan operated by a crypto

asset exchange company on which NFTs can be listed for sale and purchase. A non-fungible token (or NFT), unlike

Bitcoin and altcoins, is a digital asset that is unique and non-interchangeable. In recent years, NFTs have been

attracting attention not only as a means of exchanging items in blockchain games, but also as artwork for sale and to

appeal to fan communities. Our Coincheck NFT Marketplace screen lists more than 1,000 NFTs our customers can

click on to initiate a transaction, including globally popular NFTs like The Sandbox, a blockchain game funded by

Softbank’s Vision Fund 2, and Meebits, created by Larva Labs, the developer of CryptoPunks, one of the world’s

most popular NFT projects. The box on the screen showing a particular NFT’s listing displays the price set by the

seller in a selected cryptocurrency and the Japanese yen equivalent based on current market prices, as well as the

Ethereum equivalent if the seller selects a payment in cryptocurrency other than Ethereum. To be a seller or buyer

on our Coin