The Japanese online broker Monex Group, which recently acquired the Coincheck exchange, can soon begin developing its own blockchain platform and organize the ICO, CoinDesk reports.
In its latest financial report, published on April 26, Monex, which also has an American and Asian-Pacific unit, reports that the Japanese wing of the firm will be the pioneer of the blockchain initiative.
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 company did not share other details of its plans, but for the first time told about the financial state of Coincheck after a serious hack.
According to today's Monex report, Coincheck's pre-tax profit for the fiscal year ending March 2018 is 6.3 billion yen ($ 57 million) with an "extraordinary loss of 47.3 billion yen" ($ 432 million).
In mid-March, Coincheck paid $ 420 million to investors as compensation for the funds stolen during the January hacker attack.