Coincheck Group, the holding company for one of Japan’s major cryptocurrency exchanges, has announced its intention to purchase a 97% share in the Canadian digital asset manager 3iQ from its primary owner, Monex Group.

This stock transaction, valued at approximately $111.84 million based on a $4 per share valuation for Coincheck Group, is set to enhance Coincheck’s presence in regulated investment products. The group plans to extend the same offer to 3iQ’s minority stakeholders, potentially enabling complete ownership upon completion of the deal.

The acquisition is anticipated to finalize in the second quarter, contingent upon regulatory approvals and standard conditions.

3iQ, established in 2012, is recognized as one of Canada’s first digital asset managers, allowing traditional investment prospects with cryptocurrency exposure. The firm expanded from exchange-listed crypto funds to include staking-based ETFs and managed strategies primarily targeting institutional investors.

Coincheck, launched in 2014, provides regulated retail cryptocurrency trading and custody services. It notably became the first Japanese crypto exchange to be listed on Nasdaq in December 2024.

The 3iQ acquisition follows Coincheck Group’s recent growth through strategic purchases, including the acquisition of Paris-based crypto prime broker Aplo SAS and Next Finance Tech Co., a staking services provider, as part of their initiative to broaden institutional and international operations.

Related News

Binance acquires regulated crypto exchange in Japan

Recent Moves by US-Based Crypto Exchanges

Coincheck’s recent acquisitions hint at a larger trend among crypto exchanges to diversify income beyond mere trading fees and explore related sectors.

In 2025, notable US exchange Coinbase made various acquisitions, targeting infrastructure, consumer goods, and derivatives, while Kraken also expanded through several strategic purchases.

RWA Source
Source: RWA.xyz