Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 136

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 136
---
. 
Regarding NFTs, there are no clear legal regulations in Japan as of March 31, 2025 on custody of NFTs, 
but according to our internal rules we hold NFTs acquired by customers of our Coincheck NFT Marketplace in hot 
wallets on their behalf.
Crypto Assets Held (Borrowed from Customers or Deposited with Counterparties)

68

The following table shows the total amount of crypto assets held by us (meaning, mainly, borrowed from 
customers or deposited with counterparties) as of March 31, 2022, September 30, 2022, March 31, 2023, 
September 30, 2023, March 31, 2024, September 30, 2024, and March 31, 2025, broken down by what we hold in 
cold wallets, hot wallets, and deposited with counterparties.

                                          As of March 31, 2022          As of September 30, 2022          As of March 31, 2023          As of September 30, 2023          As of March 31, 2024          As of September 30, 2024        As of March 31, 2025
                                                                                                                                                                                                                 (in billions of yen)                       
Crypto assets held (current assets)                       34.1                              16.4                          19.0                              19.3                          44.2                              35.6                        44.7
Amount held in cold wallets                               27.9                              13.4                          15.8                              17.5                          39.7                              33.1                        41.3
Amount held in hot wallets                                 3.9                               1.9                           2.0                               1.6                           3.6                               2.2                         3.0
Amount deposited with counterparties                       2.3                               1.1                           1.1                               0.3                           0.8                               0.4                         0.4
Insurance Coverage
As is customary in the Japanese crypto industry, we do not have insurance for customer crypto assets in our 
custody or for our own crypto assets. Under our terms of service, in the case of loss or damage caused by our 
negligence we are not liable for any damages caused to our corporate users and only liable for the direct damages 
caused to our