Application to Discontinue Support for the Gold-Linked Crypto Asset “Kinka” on the Overseas Crypto Asset Trading Platform “CoinW Exchange”
ｕｎｂａｎｋｅｄ株式会社 and its overseas subsidiary Kinka(BVI),Ltd.
Overseas crypto asset trading platform “CoinW Exchange”; crypto asset “Kinka” (ticker symbol: XNK); and Kinka on the Ethereum blockchain
In July 2026, 3 overseas crypto asset trading platform operators successively announced that they would discontinue their businesses, raising concerns that other platform operators could also be forced to discontinue their businesses as a result of financial difficulties. The company determined that preventive action was necessary from the perspective of investor protection.
Kinka sales totaled 37 transactions and approximately 234g (approximately ¥2.59 million). This represented less than 0.1% of the ¥8,043 million in revenue generated by the “Gold Bullion” reporting segment for the fiscal year ended March 2026, and the company considers the impact on results to be immaterial.
The company considers the impact on results to be immaterial. It will promptly disclose any matters that arise requiring disclosure based on future developments.
Related procedures
Application to discontinue support for Kinka on CoinW Exchange
Company response
Trading in Kinka on CoinW Exchange is scheduled to cease at 17:00 Japan time on 24 August 2026. Sales of Kinka on the Ethereum blockchain will cease, and support is scheduled to be discontinued after the final requests have been accepted.
The deadline for withdrawing Kinka from CoinW Exchange will be 17:00 Japan time on 24 September 2026. For Kinka on Ethereum, the deadline for submitting requests for repurchase or exchange for gold bullion will be 17:00 Japan time on 30 October 2026. After settlement is completed, the entire amount collected will be BURN (burned), and support will be discontinued. Requests submitted after the deadlines will not be accepted except in special circumstances.
The company will promptly disclose any matters that arise requiring disclosure based on future developments.
| Item | Details |
|---|---|
| Event name | Application to Discontinue Support for the Gold-Linked Crypto Asset “Kinka” on the Overseas Crypto Asset Trading Platform “CoinW Exchange” |
| Date of occurrence | 18 August 2026 (the Board of Directors resolved to discontinue support and submitted the application to CoinW Exchange) |
| Subject Entity | ｕｎｂａｎｋｅｄ株式会社 and its overseas subsidiary Kinka(BVI),Ltd. |
| Target Locations / Products | Overseas crypto asset trading platform “CoinW Exchange”; crypto asset “Kinka” (ticker symbol: XNK); and Kinka on the Ethereum blockchain |
| Cause | In July 2026, 3 overseas crypto asset trading platform operators successively announced that they would discontinue their businesses, raising concerns that other platform operators could also be forced to discontinue their businesses as a result of financial difficulties. The company determined that preventive action was necessary from the perspective of investor protection. |
| Amount of Impact on Business Performance | Kinka sales totaled 37 transactions and approximately 234g (approximately ¥2.59 million). This represented less than 0.1% of the ¥8,043 million in revenue generated by the “Gold Bullion” reporting segment for the fiscal year ended March 2026, and the company considers the impact on results to be immaterial. |
| Impact on Earnings Forecast | The company considers the impact on results to be immaterial. It will promptly disclose any matters that arise requiring disclosure based on future developments. |
| Type of litigation or proceeding | Application to discontinue support for Kinka on CoinW Exchange |
| Suspended operations | Trading in Kinka on CoinW Exchange is scheduled to cease at 17:00 Japan time on 24 August 2026. Sales of Kinka on the Ethereum blockchain will cease, and support is scheduled to be discontinued after the final requests have been accepted. |
| Outlook | The deadline for withdrawing Kinka from CoinW Exchange will be 17:00 Japan time on 24 September 2026. For Kinka on Ethereum, the deadline for submitting requests for repurchase or exchange for gold bullion will be 17:00 Japan time on 30 October 2026. After settlement is completed, the entire amount collected will be BURN (burned), and support will be discontinued. Requests submitted after the deadlines will not be accepted except in special circumstances. |
| Planned follow-up disclosure | The company will promptly disclose any matters that arise requiring disclosure based on future developments. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In July 2026, 3 overseas crypto asset trading platforms announced that they would discontinue their businesses, raising concerns that financial difficulties could spread to other platforms. The company stated that it took preventive action from the perspective of investor protection, in light of the risk that deposited assets could become unavailable for withdrawal. It also stated that no management problems had been identified at CoinW Exchange itself.