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Japanese financial conglomerate Monex acquires Canada’s 3iQ Digital

Japan’s Monex Group, Inc. is set to acquire a majority stake in Canada’s 3iQ Digital Holdings, Inc., a leader in crypto asset management, for USD39.8m. This move aims to bolster Monex’s asset management business globally, with a focus on the growing demand for institutional crypto asset management. 3iQ, known for launching North America’s first regulated Bitcoin and Ethereum exchange-listed funds and introducing staking in Ethereum ETFs, will enhance Monex’s portfolio, including its subsidiary Coincheck, Japan’s leading crypto exchange. This acquisition marks a strategic expansion for Monex into the burgeoning field of digital asset management. Frederick T. Pye, CEO of 3iQ, anticipates this partnership will amplify their global presence and expertise, particularly in institutional investor offerings. The deal, facilitated by financial and legal advisors from both sides, represents a significant step in Monex’s growth and diversification strategy.


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