Coincheck Group Acquires Digital Asset Manager 3iQ for $112 Million

Coincheck Group Reaches Deal to Acquire 3iQ

Coincheck Group, the parent company of one of the largest cryptocurrency exchanges in Japan, has announced its agreement to acquire a 97% stake in the Canadian digital asset manager 3iQ from its majority owner, Monex Group. The stock acquisition values 3iQ at $111.84 million, based on Coincheck Group shares evaluated at $4 each.

Coincheck Group intends to offer the same terms to minority shareholders of 3iQ, which would grant them total control once the deal is finalized. The transaction is expected to close in the second quarter, subject to regulatory approvals and other customary conditions.

Founded in 2012, 3iQ is a Canadian digital asset manager that offers regulated exposure to cryptocurrencies through traditional investment products. The company was an early participant in cryptocurrency exchange-traded funds (ETFs) and has since expanded into staking-based funds and managed cryptocurrency strategies primarily for institutional investors.

Launched in 2014, Coincheck provides regulated trading and custody services. In December 2024, it became the first Japanese cryptocurrency exchange listed on Nasdaq. The agreement with 3iQ is part of Coincheck Group's recent expansion through acquisitions, including the purchase of cryptocurrency broker Aplo SAS in October and the staking services provider Next Finance Tech Co. in March.