Monex Group, Japan-based online trading giant and the new owner of Coincheck exchange, is planning to develop its own blockchain platform.
“Japan segment will use blockchain technology for the aim of executing all the trading of financial products and every financial transactions in safety and at low cost. Creating our own blockchain and its ICO are in the scope,” the firm noted in its latest financial filing.
Although no further details were provided on the blockchain plans, the company detailed for the first time Coincheck's financial standing after it had suffered one of the biggest heists in history. The exchange made a profit of 500 million yen in February and March following the hack.
An unidentified thief stole 523 million in NEM cryptocurrency on January 26. The company said it would reimburse customers who lost money, which led to a writedown of 47.3 billion yen.
By Jade Olafson