Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 84

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 84
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 the subject crypto assets

with Coincheck, for Coincheck to hold in its custody, together with account documentation that restricts the transfer

of those crypto assets for the period required to obtain the exemption.

Large OTC Transactions

We offer a large-lot trading service in Japan supporting seven cryptocurrencies (BTC, ETH, BCH, XRP,

MATIC, DAI and LTC). Customers who trade large amounts of cryptocurrencies (ten million yen or more) can buy

and sell cryptocurrencies through block trades 24 hours a day, 365 days a year, at premium rates.

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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