Japanese Telecom-Backed Fintech Group KDDI Acquires Coincheck Group Stake for $65M

KDDI Corporation, one of Japans largest telecommunications companies, invested approximately $65 million to acquire a 14.9% stake in Coincheck Group N.V. and signed a business alliance agreement with Coincheck, Inc. to build blockchain-based financial services for Japanese consumers. Japan Telecom Giant KDDI Invests $65 Million in Coincheck to Bring Crypto to 30 Million au Customers []