Monex Group, Inc. has announced the successful completion of its acquisition of 100% shares of Coincheck, Inc. Coincheck has become a wholly owned subsidiary of the company today.
Monex shared that they recognize blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money. Therefore, since last October, the company have considered entering the cryptocurrency exchange business and set up the Monex Cryptocurrency Lab.
Therefore, the Company has resolved on 100% share acquisition of Coincheck who has been a pioneer among cryptocurrency exchangers.
Coincheck is in the process of enhancing its governance and internal control after receiving the business improvement order from the Kanto Local Finance Bureau concerning the theft of cryptocurrency, NEM, as a result of unauthorized access to its system on January 26, 2018. Monex aims to build a secured business environment for customers by fully backing up Coincheck’s enhancement process. The company shared that it will support Coincheck to provide secure environment to customers and to grow sustainably as a socially valuable cryptocurrency exchanger.