Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 131

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 131
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 or more) can buy 
and sell cryptocurrencies through block trades 24 hours a day, 365 days a year, at premium rates.

65

Custody
We believe that institutions and other companies that invest in crypto assets place a high value on safe 
custody of those assets.  We believe that the cold wallet custody we can provide as a regulated crypto asset exchange 
provider, together with our commitment and dedication to the safety and stability of our systems, will attract 
companies who hold crypto assets to pay a fee for our custody services. 
As Coincheck Prime is a new branded offering that has not yet fully launched, there are no assurances that 
it will be accepted by institutional customers or otherwise be successful.
Coincheck IEO
We launched our IEO business in 2021, which was the first of its kind in Japan, to support the creation of 
an environment in which Japanese companies, blockchain companies and blockchain communities can fundraise and 
further develop the industry, and cryptocurrency investors can participate in promising initiatives more safely and 
easily. IEOs enable crypto start-ups to raise money through a cryptocurrency exchange, such as ours. Generally, 
these start-ups are charged fees, including a certain proportion of tokens sold on the exchange, and the tokens 
initially sold on the exchange can be listed on the exchange after the IEO is completed. An IEO may be more secure 
and transparent for customers than other methods of fundraising, because exchanges such as ours perform a listing 
review of start-up projects and their sponsors before allowing fundraising to begin. In our review process, we 
comprehensively assess the issuer based on the following criteria:
•uniqueness of issuer’s business model;
•financial condition and internal control of the issuer;
•sustainability of issuer’s business;
•evaluation of technology (including robustness and versatility);
•utility of the token; and
•synergy of the token with industry trends and our existing businesses.
Furthermore, tokens introduced through our IEO business are also subject to substantially the same 
screening process by the CAESP and the JVCEA as applied to other crypto assets handled by the CAESP (See 
“ — Regulatory Environment”). Therefore, we only support tokens that are approved to be traded as crypto assets 
(which do not fall under the category of either ERTR or ERTRIS). We have not set any criteria for the minimum 
size of an IEO and consider the potential size together with the above factors in evaluating a proposal.
Through our