- Coincheck Group has agreed to buy a 97% stake in 3iQ from Monex Group.
- The transaction values 3iQ at about $111.8 million, using Coincheck shares priced at $4 per share; Coincheck will offer the same terms to minority holders.
- The deal is expected to close in the second quarter, subject to regulatory approvals and customary conditions.
- 3iQ, founded in 2012, provides regulated crypto exposure through exchange-listed funds, staking ETFs and institutional managed strategies (see its company page).
- The acquisition follows Coincheck’s recent buys and comes as other exchanges, including Coinbase and Kraken, have expanded through acquisitions (industry data via RWA.xyz).
Coincheck Group has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ from majority owner Monex Group. The stock-purchase deal values 3iQ at about $111.8 million and is structured using Coincheck shares priced at $4 per share, with the same terms to be offered to minority shareholders. The parties expect the transaction to close in the second quarter, subject to regulatory approvals and other customary conditions.
Under the terms, Coincheck would secure near-full control if minority holders accept the offer. The company cited the move as part of its broader push to grow institutional and international operations.
Founded in 2012, 3iQ provides regulated cryptocurrency exposure through traditional investment products, including early exchange-listed crypto funds and later staking-based ETFs and managed strategies for institutional clients, according to its company page. The firm has focused on bringing crypto allocations into regulated investment wrappers.
Coincheck is a Japan-based exchange launched in 2014 that offers regulated retail trading and custody services. In December 2024, it became the first Japanese cryptocurrency exchange to list on the Nasdaq.
The 3iQ acquisition follows recent moves by Coincheck Group, including the October purchase of Paris-based crypto prime broker Aplo SAS and the March acquisition of staking services provider Next Finance Tech Co.. A related video accompanies the announcement and can be viewed here.
The deal sits alongside a wave of exchange consolidation: in 2025 Coinbase completed several deals—buying Spindle, the team behind Roam, Liquifi, agreeing to acquire Deribit for $2.9 billion, and adding The Clearing Company. Kraken also expanded with purchases of NinjaTrader, Capitalise.ai, and the planned acquisition of Backed Finance AG, according to industry data from RWA.xyz.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Ethereum exit queue clears, easing liquid staking pains now!
- BofA Upgrades Coinbase, Eyes Base Token Amid Binance Threat.
- BlackRock: ‘It’s Still Early Days’ for Bitcoin Boom 2026 Yet
- Maduro’s capture exposes crypto off-ramps to enforcement now
- Entire Zcash ECC team resigns to launch new privacy firm now
