Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 115

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 115
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 customer transactions on our Marketplace platform. Because most customer crypto assets are held in segregated cold wallets and are not accessible for settlement purposes, we hold crypto assets in our own wallets (nearly all of which are crypto assets borrowed from customers under our Coincheck Lending program) to facilitate prompt settlement of transactions. As of June30, 2025, we had ¥53,613million of crypto assets held (current assets). These cryptocurrencies are held and treated as inventories that are recorded at fair value as of the end of the reporting period. The fair value is measured by using a midmarket pricing of the principal market or the most advantageous market. As of June30, 2025, crypto asset borrowings under our Coincheck Lending program totaled ¥53,307million. As of March 31, 2025, we had ¥44,680 million of crypto assets held (current assets). These cryptocurrencies are held and treated as inventories that are recorded at fair value as of the end of the reporting period. The fair value is measured by using a midmarket pricing of the principal market or the most advantageous market. As of March 31, 2025, crypto asset borrowings under our Coincheck Lending program totaled ¥44,479 million. We determine the amount of crypto assets to hold based on the total size of our customer assets and recent trading levels. Our accounting and finance department is responsible for monitoring and determining the appropriate amount, and our dealing department is then responsible for managing what amount of

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crypto assets to hold in hot wallets and to deposit with cover counterparties in accordance with our internal policies. In the interest of security, our policy is to hold the majority of borrowed customer crypto assets in cold wallets and to hold in hot wallets only the amount of crypto assets we deem necessary for expected settlement transactions with cover counterparties and external transfer requests. The following table shows the amounts held by crypto asset, as well as in hot wallets and cold wallets, or deposited with cover counterparties, as of March 31, 2023, March 31, 2024 and March 31, 2025.

|                                           |     |     As of March 31, |      |     |      |      |     |      |      |
|                                           |     |                2023 |      |     | 2024 |      |     | 2025 |      |
|                                           |     | -in billions of yen |      |     |      |      |     |      |      |