By Staff Writer
Coincheck Group has agreed to acquire up to 100% of Canadian digital asset manager 3iQ in a share-based transaction valued at approximately $112 million, marking a significant expansion of Coincheck’s institutional digital asset capabilities.
Under the terms of the agreement, Coincheck will issue 27.15 million new shares to its majority shareholder, Monex Group, in exchange for Monex’s 97% stake in 3iQ. Coincheck said it intends to offer the same terms to minority shareholders, which could result in full ownership of the firm.
The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals and customary closing conditions.
Founded in 2012, 3iQ is one of the earliest institutional-focused digital asset investment firms. The company was Canada’s first regulated digital asset fund manager and has launched several industry-first products, including North America’s first major listed Bitcoin and Ether funds.
Its product range also includes staking-based ETFs and exchange-traded products (ETPs) covering assets such as Ethereum, Solana, and XRP. In addition, 3iQ operates QMAP, a managed-account platform designed specifically for institutional investors.
Coincheck said the acquisition would enhance its institutional product offering and create potential revenue synergies across its broader digital asset ecosystem. This includes its crypto prime brokerage Aplo and staking platform Next Finance.
Coincheck Chief Executive Gary Simanson said 3iQ’s institutional-grade infrastructure and product innovation would allow the group to be “better positioned” to meet the needs of institutional and sophisticated investors and firms.
Monex Group Chief Executive Yuko Seimi described the transaction as a strategic reorganisation aimed at supporting global growth across Monex’s crypto and wealth management businesses, calling the deal a “win-win” for both Coincheck and 3iQ shareholders.
