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Cryptocurrencies

Monex founder outlines how Coincheck deal will redefine finance

Blockchain's spread is inevitable and investors are on board, says Oki Matsumoto

Monex Group President Oki Matsumoto aims to transform the financial sector through blockchain technology. (Photo by Hiromichi Matono)

TOKYO -- The purchase of troubled cryptocurrency exchange Coincheck is a key part of Monex Group's mission to redefine finance, the president of the pioneering company told Nikkei in an interview.

After hackers stole more than $500 million of the virtual currency NEM from Coincheck in January, it sought outside backing and found a partner in Monex. Since founding the online brokerage in 1999, President Oki Matsumoto has been at the forefront of changes in the financial sector.

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