De Brauw advises Coincheck Group N.V. on strategic minority investment by KDDI Corporation

De Brauw advised Coincheck Group N.V. on a strategic minority investment by KDDI Corporation, a listed Japanese telecommunications company. Coincheck Group and KDDI have entered into a Share Subscription and Investor Rights Agreement pursuant to which KDDI will acquire a 14.9% stake in Coincheck Group.

The transaction is expected to close in June 2026. KDDI will receive registration rights for the shares in Coincheck Group and will have the right to nominate one individual for appointment to Coincheck Group's board, as non-executive director, at Coincheck Group's next annual general meeting, which is anticipated to be held in September 2026.

The investment forms part of a broader cooperation, in which context Coincheck Group’s Japanese subsidiary, Coincheck, Inc., entered into a business alliance agreement with KDDI focused on collaborative initiatives aimed at expanding the digital asset market in Japan, including through mutual customer referral programs and related revenue sharing and referral fees. By combining KDDI’s distribution reach and trusted consumer interfaces with Coincheck’s crypto asset platform and product expertise, the parties aim to reduce onboarding friction, broaden mainstream access to digital assets, and expand practical day-to-day use cases across KDDI’s ecosystem in Japan.