PANews reported on May 13th that, according to Business Wire, Coincheck Group NV announced a subscription and investor rights agreement with Japanese telecom operator KDDI Corporation. KDDI will subscribe for 28,536,516 newly issued ordinary shares at $2.28 per share, totaling approximately $65.06 million, representing a 14.9% stake upon completion of the transaction. Simultaneously, Coincheck's Japanese subsidiary, Coincheck, Inc., signed a business cooperation agreement with KDDI to promote digital asset services within the KDDI ecosystem through user referrals and revenue sharing. KDDI will also be nominated as a non-executive director to the Coincheck Group board of directors. The transaction is expected to close in June 2026, with the director appointments anticipated at the annual shareholders' meeting in September 2026.