According to The Mainichi news agency, the deal was worth 3.6 billion yen ($ 33.5 million). At the end of March, the company acquired 45.2% of Coincheck shares from Koichiro Wade, the founder and CEO of the floor. Another 5.5% came from Yusuke Otsuka, another member of the board and the remaining 49.3% from Coincheck's six investors.
In an official statement, Monex said:
"The e-business platform is an important part of our mission" The New Start of MONEX. " Thus, the company has acquired a 100% stake in Coincheck - one of the leading trading platforms today. "
Monex said its chief executive Toshihiko Katsuya will take over Coincheck's chairmanship, while Wada and Otsuka will remain on the floor but will assume lower management positions.
Coincheck is in the process of improving the internal control and management system required by the Kanto Local Finance Bureau following the January attack, which resulted in the loss of $ 530 million worth of NEM tokens.
"We aim to build a secure business environment for investors by supporting Coincheck in the process of improvement," the announcement said.
According to another report from the Nikkei Asian Review, Monex plans to gain legal approval before taking over Coincheck, which is scheduled to re-launch in June. The company is likely to carry out IPO operations in the future. If this happens, this will be the first IPO of an electronic money exchange in Japan.
At present, Coincheck is struggling to repay the victims, and is preparing to face charges after the attack.
