Coincheck, one of Japan’s largest cryptocurrency exchanges, has received U.S. Securities and Exchange Commission (SEC) approval for its Form F-4 registration statement, making it the first Japanese crypto exchange to list on a U.S. stock exchange. After merging with Thunder Bridge Capital Partners IV (TBCP), Coincheck will debut on the Nasdaq Global Market under the ticker CNCK.
Merger Details and Timeline
The Coincheck listing is a culmination of a $1.25 billion merger agreement with TBCP, originally initiated in May 2024 but delayed several times. TBCP’s shareholder meeting on December 5 will serve as the final approval step for the merger, with Nasdaq trading expected to commence on December 11.
Monex Group Retains Control
Monex Group, Coincheck’s parent company, will continue as the majority stakeholder, holding 82% in the new entity, Coincheck Group N.V. Following the merger, TBCP CEO Gary A. Simanson will head the combined business, which includes a $237 million fund held by TBCP.
A Pioneering Move for Japan’s Crypto Industry
Founded in 2012, Coincheck is an established player in Japan’s crypto and NFT market, acquired by Monex in 2018. Its upcoming Nasdaq listing marks a significant step for the Japanese crypto industry, establishing it as a prominent international player in cryptocurrency trading.
