Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 184

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 184
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, 30 days, 90 days, 180 days and 365 days, at an implied yield of 1%, 2%, 3%, 4% and 5% per year, respectively, which may be changed in the future subject to approval by our executive officers. The fee is paid to the user together with the 124 return of the borrowed crypto assets at the expiration of the lending period. As of September 30, 2024, we had ¥35,491 million in crypto asset borrowings, a decrease from ¥44,020 million in crypto asset borrowings as of March 31, 2024, and the top ten lenders accounted for 15% of our crypto asset borrowings as of September 30, 2024. Under the borrowing agreements, there is no restriction on our use of the borrowed crypto assets during the relevant lending period. As of September 30, 2024, we held ¥35.6 billion of crypto assets in current assets, of which ¥33.1 billion were held in cold wallets, ¥2.2 billion were held in our hot wallets and ¥0.4 billion were deposited with counterparties. Coincheck Electricity and Coincheck Gas Coincheck Electricity is an electricity service we provide that offers two rate plans: a “Bitcoin payment” plan that allows customers to pay their electricity bills with Bitcoin, and a “Bitcoin grant” plan that gives customers Bitcoin after payment of electricity bills. We also offer Coincheck Gas, which operates in a similar manner to Coincheck Electricity to allow customers to pay gas bills. Coincheck NFT Marketplace A non -fungibletoken (“NFT”) is a digital item that is unique and non -interchangeable, unlike Bitcoin. In recent years, NFTs have been attracting attention not only as a means of exchanging items in blockchain games, but also to prove ownership of artwork and to appeal to fan communities. See “ —Regulatory Environment — Non -FungibleTokens” for information regarding the regulation in Japan for non -fungibletokens. Our Coincheck NFT Marketplace, the beta version of which began operations on March 24, 2021 and is offered only to Coincheck accountholders who submit an application, was the first off -chainNFT exchange platform in Japan operated by a crypto asset exchange company on which customers can buy and sell NFTs. Through the Coincheck NFT Marketplace, we handle NFTs that are popular globally, including The Sandbox, a blockchain game