Japanese online broker Monex Group, recently purchased the crypto currency exchange Coincheck has announced plans to develop its own blockchain platform and holding ICO.
The company, which also operates in the US and the Asia-Pacific region, said in its financial report that the development of the blockchain will deal with the Japanese unit.
“The Japanese segment will use blockchain tech to perform all trade Finance products and every financial operation safely and at a low price. Create our own blockchain and conduct of ICO included in the study area”, — the report says the Monex Group.
The company also revealed the financial situation of Coincheck, suffered in January from hacking and purchased Monex Group earlier this month. The report stated that the profit before tax Coincheck for the 2017 financial year amounted to 6.3 billion yen ($57 million), excluding “extraordinary loss in the amount of 47.3 billion yen ($432 million).
Monex is not indicated in the report that led to the “extraordinary losses”, but previously Coincheck has promised to reimburse the investors they lost as a result of hacking tools. Exchange in January confirmed a loss of about 525 million tokens NEM, at the time of breaking cost approximately $530 million Later Coincheck has announced that it will pay compensation of $0,81 for the token (more than two times more than the NEM is now), amounting to approximately $425 million.
We will remind, earlier the head of Monex Group Oki Matsumoto (Oki Matsumoto) said that cryptocurrency exchanges should be regulated by stricter banking regulations.