Japan listed CEX-related companies matrix — TSE / Nasdaq listings + holding-company list
ConfidenceLikelyUpdated2026-07-29Review by2027-01-29Sources4Machine-translatedOriginal (JA)
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This entry sits under exchanges index. Read it against Japan domestic VASP parent-company / shareholder-structure map for peer / contrast context and FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for the broader system / regulatory boundary.
Overview
This entry organizes relationships between Japanese CEX operating entities and listed parent companies or listed intermediate holding companies when confirmed in official disclosures. It is not an exhaustive investment list, and it identifies the corporate hierarchy to avoid double-counting direct parents and upstream shareholders. See jp-vasp-parent-company-map.
Listed-company / parent-company matrix
The following is based on company profiles, group-company lists, and disclosures reviewed as of 2026-07-29. Markets and ownership ratios can change; use the exchange’s and issuer’s latest disclosures for investment decisions. ^[Sources: https://www.monexgroup.jp/en/group_companies/ccg.html; https://www.gmo.jp/en/company-profile/outline/; https://www.sbigroup.co.jp/company/group/sbivc.html; https://www.jngroup.jp/wp-content/uploads/2025/02/kaiji_20250208.pdf; https://www.tradershd.com/ir/stock/; https://www.ceres-inc.jp/ir/.]
| Listed company / intermediate holding company | Market / code | Relationship to CEX |
|---|---|---|
| Coincheck Group N.V. | Nasdaq / CNCK (listed December 2024) | Listed holding company of jp-exchange-coincheck |
| Monex Group | TSE Prime / 8698 | Upstream shareholder holding about 80% of Coincheck Group voting rights in the December 2024 disclosure; not counted again as a separate direct owner of Coincheck |
| SBI Holdings | TSE Prime / 8473 | Upstream parent of group company jp-exchange-sbi-vc-trade |
| GMO Financial Holdings / GMO Internet Group | TSE Standard / 7177; TSE Prime / 9449 | Distinguishes the direct parent of jp-exchange-gmo-coin from the upstream group |
| Traders Holdings | TSE Standard / 8704 | Parent company of jp-exchange-traders-securities |
| JN Group | TSE Standard / 6634 | Disclosed in February 2025 that ZED Holdings and jp-exchange-zaif became consolidated subsidiaries |
| Ceres | TSE Prime / 3696 | Parent company of jp-exchange-mercury (CoinTrade) |
| OSL Group | Hong Kong Stock Exchange / 863 | Upstream group of jp-exchange-osl-japan |
Historical listed routes
- Money Partners Group was delisted in February 2025 and is therefore not treated as a current listed exposure route to jp-exchange-money-partners.
- Relationships between Coinbase Global or Nomura Holdings and Japanese entities or related businesses differ in operating status and licensing entity, so they are not included in the table of active CEX direct parents.
Investor implications
- When both an intermediate holding company and an upstream parent are listed for the same CEX, review economic ownership, minority interests, and voting rights rather than double-counting the same exposure from a simple “under the group” label.
- The CEX registration entity, consolidation scope, and contribution to the listed company’s segment are not identical. Read the profiles of Monex Group, SBI HD, and GMO Financial HD alongside this matrix.
- Delisting, business transfer, and conditional acquisition are different states. See jp-vasp-ma-consolidation-history for the timeline.
Source: compilation of public information (TSE/Nasdaq disclosures, EDINET, each listed company’s IR / securities reports, FSA crypto-asset exchange operator registration list)
Discovery
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