Yahoo Japan is planning to launch its own cryptocurrency exchange in 2019 after a year of development.

According to Nikkei Asian Review, Yahoo will acquire a 40 percent stake of the Tokyo based crypto-asset exchange BitARG Tokyo next month, with a plan to build a new exchange using BitARG technology in April 2019 or later.

BitARG is already licensed by Japanese financial regulator, the Financial Services Agency (FSA), the report says. Additional investments are planned to be made from January to March 2019 through another Yahoo group company.

Yahoo Japan will purchase its stake in BitARG via its subsidiary company – YJFX – which is a forex transaction platform. The shares will cost Yahoo Japan $19 million (2 billion Yen). Yahoo’s exchange will use BitARG’s system but the exchange itself will be custom built according to Nikkei Asian Review.

The work on the new crypto-asset exchange will kick off next month when YJFX executives and engineers will be dispatched to BitARG where they will spend over a year developing the new exchange system. They will also work on a corporate governance structure, a customer management system and internal controls.