Techub News reports that, according to CryptoBriefing, Japanese telecom giant KDDI announced a $65 million investment to acquire a 14.9% stake in Coincheck Group. The two parties established a joint venture, au Coincheck Digital Assets, with plans to launch a non-custodial digital asset wallet this summer. The joint venture is controlled 50.1% by KDDI and aims to integrate digital asset services into its payment network. This collaboration comes at a time when Japan's regulatory framework is shifting from the Payment Services Act to the Financial Instruments and Exchange Act, and it is expected that the local blockchain industry will see significant growth over the next decade.