Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 112

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 112
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 rules in the industry to reduce the risk of future similar 
incidents. In October 2018, the JFSA granted the cryptocurrency industry in Japan self-regulatory status, giving the 
JVCEA the ability to establish standardized operating procedures, including the ability to set guidelines on the 
crypto assets that may be traded by exchange operators. The JFSA also authorized the JVCEA to monitor and 
penalize Japanese cryptocurrency exchanges for noncompliance.
In January 2019, after these significant improvements to Coincheck’s risk management and governance 
systems, Coincheck received a license as a crypto asset exchange service provider from the JFSA and registered 
with the Kanto Financial Bureau under the Payment Services Act, and also became a member of the Japan 
Cryptoasset Business Association. Since the 2018 acquisition by Monex, Coincheck has actively worked, and 
intends to continue to actively work, with all applicable regulators to improve the regulatory standards of crypto 
assets in Japan, and Coincheck’s Chairman, Representative Director & Executive Director, Satoshi Hasuo, currently 
serves as a director of the JVCEA. See “— Regulatory Environment.”
Over the past six years, under the leadership of Monex and the Coincheck management team, we have 
grown to become a leading crypto asset exchange provider to the Japan retail market, known for our trusted brand, 
strong compliance culture, and our robust, easy-to-use and attractive products and services.

50

Business Combination and Current Corporate Organizational Structure
We decided in 2022 to takes steps toward becoming a publicly traded company with shares listed on either 
Nasdaq or NYSE. On December 10, 2024, the Business Combination Agreement was closed and the Business 
Combination consummated. On December 11, 2024, as contemplated by the Business Combination Agreement, our 
Ordinary Shares and Public Warrants commenced trading on Nasdaq under the symbols “CNCK” and “CNCKW,” 
respectively. As of the date of this report, the Company’s corporate organizational structure is as follows: (1) 
Coincheck Parent is the publicly traded holding company; (2) Coincheck is Coincheck Parent’s principal operating 
subsidiary; (3) Next Finance, a small private Japanese company engaged in a crypto staking platform service 
business, acquired by Coincheck Parent in March 2025, is Coincheck Parent’s other operating subsidiary; and (4) 
CCG Administrative Services,