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Crypto
Japan\'s KDDI to take 14.9% stake in Coincheck Group for $65 million
Japan\'s telecommunications company KDDI will invest $65 million to acquire a 14.9% stake in Coincheck Group. CoinDesk reported that KDDI agreed to buy 28.5 million newly issued shares at $2.28 each, with the deal expected to close in June. The companies also signed a business partnership involving customer referrals, revenue sharing and referral fees, aiming to broaden crypto access in Japan by combining KDDI channels with Coincheck services.
Crypto
Brokerages eye digital asset exchanges in race to secure future growth
South Korea\'s major brokerages are showing interest in digital asset exchanges, with Korea Investment & Securities reviewing a possible stake purchase in Coinone after Mirae Asset moved to buy a controlling stake in Korbit. The moves come despite regulatory uncertainty, including debate over limits on major shareholders\' stakes. Industry watchers say ownership rules could spur governance reshuffles and open acquisition opportunities for financial firms.
Crypto
Coincheck to buy 97% stake in Canadian digital asset manager 3iQ
Coincheck Group will acquire a 97% stake in Canadian digital asset manager 3iQ for $112 million. The Block reported the purchase price will be paid through a new share issuance. Coincheck plans to offer the same terms to 3iQ minority shareholders to pursue a full takeover. Coincheck operates Japan\'s largest cryptocurrency exchange, Coincheck. It said the deal is its third strategic merger and acquisition and aims to boost profitability and strengthen its North American network.