Nexus Co confirmed on June 20, 2026 that it has purchased an 89.03% stake in South Korea’s ONE Store, acquiring 20,247,900 shares for roughly 62.6 billion won (about $40.74 million).
Acquisition Structure
The deal transferred controlling interest from previous investors—SK Square (45.78%), Naver Corp. (24.06%), Steel Number One First (17.02%) and Krafton Inc. (2.17%). Nexus now holds the majority of ONE Store’s voting rights and will direct the app‑store’s operations.
Strategic Benefits for $CROSS
Nexus plans to merge ONE Store’s 38 million active users with its $CROSS blockchain gaming platform, expanding the ecosystem’s reach. The integration will also rebrand the underlying chain as ONEchain, which already runs Mainnet 2.0 and supports nearly 2 million accounts.
Market Implications
Investors view the acquisition as a move to strengthen Nexus’s position in the mobile gaming and crypto markets, potentially boosting $CROSS token demand. The deal adds a sizable user base to the blockchain, which could attract further capital and partnership opportunities.