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Coincheck, Inc. and KDDI Form Business Alliance! New Company "au Coincheck Digital Assets" Also Established

Coincheck, Inc. and KDDI Form Business Alliance! New Company
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Coincheck, Inc. (hereinafter Coincheck) announced the conclusion of a business alliance agreement with KDDI CORPORATION (hereinafter KDDI), as well as the formation of a new company, "au Coincheck Digital Assets," by three companies including KDDI and au Financial Holdings Corporation.
They state that they aim to expand access to digital assets in the au economic zone and promote a non-custodial wallet business that is easy for anyone to use.

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Coincheck and KDDI Form Business Alliance!

Coincheck, Inc. and KDDI Form Business Alliance!PR TIMES

Coincheck, Inc. announced that the conclusion of a business alliance agreement with KDDI CORPORATION has been completed.
In addition to telecommunications services, KDDI operates the smartphone payment service "au PAY," which has approximately 39.67 million members, giving it one of the leading customer bases in Japan in the financial payments field.
On the other hand, Coincheck provides Japan's largest customer base and a wide range of services as a crypto asset exchange service provider.
By combining the strengths of both companies, they state that it will be possible to expand access to digital assets, including crypto assets, for users in the au economic zone.

Through this alliance, they mention that they will aim for the creation of opportunities for more users to access digital assets in their daily lives, including collaboration with services such as au Jibun Bank and Ponta Points.
As the first initiative, a campaign for users who open a Coincheck account via au-related services will be implemented in the near future.

New Company "au Coincheck Digital Assets" Is Established

au Coincheck Digital Assets
au Coincheck Digital Assets
PR TIMES

The new company, au Coincheck Digital Assets, was established with the purpose of realizing an environment where digital assets, beginning with crypto assets and stablecoins, can be used more familiarly, centering on a non-custodial wallet provided as a mini-app within au PAY.
Conventional non-custodial wallets had issues making it difficult for them to spread to users other than those well-versed in crypto assets, due to barriers such as initial introduction hurdles like creating a wallet, and complex processes like purchasing crypto assets at an exchange and sending them to the wallet.
At au Coincheck Digital Assets, by combining KDDI's touchpoints with consumers and Coincheck's know-how regarding crypto assets, they state that they will promote the creation of a new user experience that seamlessly connects crypto asset storage to daily utilization in the au economic zone.

Comment from Shunpei Tatebayashi, Deputy Head of Open Innovation Promotion Division, KDDI CORPORATION

We are very encouraged to be able to start new initiatives by partnering with Coincheck, which develops Coincheck, one of Japan's largest crypto asset trading services, and possesses high expertise and a strong track record in the crypto asset and blockchain fields.
The environment surrounding crypto assets and next-generation finance is continuously changing due to regulatory frameworks, technological progress, and stages of societal acceptance. In utilizing them, we recognize that it is important to secure safety and reliability in addition to convenience and advanced features.
This business alliance with Coincheck, the investment in its parent company Coincheck Group, and furthermore, the establishment of the new company au Coincheck Digital Assets are positioned as a framework to steadily advance next-generation financial initiatives based on this mindset.
Moving forward, beginning with the provision of non-custodial wallets through the new company, we will build a strong partnership in both technological and business aspects, and steadily advance the social implementation of next-generation financial services.

(Translated from Japanese)

PR TIMES

Comment from Tomoyuki Isaka, Board Director and Managing Executive Officer, Coincheck, Inc.

We are very pleased to be able to start new initiatives by partnering with KDDI, which possesses one of Japan's leading customer bases in both the telecommunications and financial fields.
Thus far, we have provided access to digital assets to many customers through Coincheck, which has the No. 1 number of app downloads and active users in Japan.
Through this alliance, we will combine our expertise and products in the on-chain field with the KDDI Group's customer base to realize value provision on an unprecedented scale.
By connecting Coincheck to a service infrastructure deeply rooted in daily life called the au economic zone, we will realize an environment where crypto assets and stablecoins are used seamlessly, naturally delivering their convenience and new value even to those who have never touched digital assets before.
In the future, by deepening our collaboration with the KDDI Group, including the promotion of non-custodial wallets through the new company, we will contribute to the realization of our mission, "Making new value exchange more accessible," and the development of the digital asset market in Japan.

(Translated from Japanese)

PR TIMES

Comment from Michihiko Kasai, President and Representative Director, au Coincheck Digital Assets

New financial and economic mechanisms utilizing crypto assets and tokens based on blockchain are being formed globally.
In the midst of this major trend of transformation, we established au Coincheck Digital Assets to realize an environment where anyone can easily and safely touch digital assets.
While crypto assets and stablecoins have extremely large potential, there are certain hurdles to starting their use, and many customers find them difficult.
We want to move toward a society where these new values are not just for a limited number of people, but are used naturally in daily life.
By combining the customer base possessed by KDDI and au Financial Holdings with the digital asset expertise held by Coincheck, we will provide the flow of new value brought by blockchain in a form that anyone can use naturally.
Please look forward to it.

(Translated from Japanese)

PR TIMES

Please check the Coincheck official website for details.

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