Japanese crypto exchange Coincheck is planning to complete its listing on Nasdaq via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV.
Japanese crypto exchange Coincheck is planning to complete its listing on Nasdaq via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV on July 2, 2023. The merger was initially planned for March of this year, when its estimated worth was roughly $1.25 billion.
“Working together with Thunder Bridge Capital Partners, Coincheck aims to expand its crypto asset business by gaining exposure to global investors, accessing the U.S. capital markets, and recruiting talent to realize its growth strategy,” Coincheck majority owner Monex Group said in a U.S. Securities and Exchange Commission (SEC) filing.
According to an SEC filing, Coincheck is one of the biggest cryptocurrency exchanges in Japan with a 27% market share. It presently has 1.75 million account users and supports trading of 18 different coins. The SEC observed in March that mergers with SPACs have been a common strategy for companies to list on public markets in recent years, accounting for more than half of all initial public offerings in 2020–2021.
Visa Files Trademark Applications for Crypto Wallets, NFTs and the Metaverse
Payments giant Visa filed two trademark applications to the United States Patent and Trademark Office (USPTO) related to digital wallets, non-fungible tokens and the metaverse.
The programs also provide “virtual spaces in which users can interact for recreational, leisure, or entertainment reasons accessible in the virtual world,” as well as “non-downloadable virtual commodities” and “a collectible series of non-fungible tokens.” The applications were filed on Oct. 22.
The proposals submitted by Visa shouldn’t come as a surprise because several significant companies, such as American Express and the New York Stock Exchange, have submitted comparable petitions during the last year. Visa submitted a patent application in 2020 for a method of converting actual fiat cash into a brand-new digital form.