Coincheck to Acquire Canadian Asset Management Firm 3iQ for Around $112 Million

BlockBeats News, January 8th, the Nasdaq-listed Japanese cryptocurrency exchange Coincheck announced that it has entered into an agreement with the Monex Group to acquire approximately 97% of the shares of the Canadian digital asset management company 3iQ. Under the agreement, the two parties agreed on an overall valuation of 3iQ at $1.12 billion, with the price of Coincheck Group common stock set at $4.00 per share. The beneficially held shares of 3iQ held by Monex, representing approximately 97% of the beneficial ownership of 3iQ, will be exchanged for 27,149,684 newly issued shares of Coincheck Group common stock.

The agreement also stipulates that between signing and closing, Coincheck Group will provide the same or substantially similar consideration to the minority shareholders of 3iQ, issuing up to 810,435 shares of Coincheck Group common stock in aggregate to them, thus enabling Coincheck Group to beneficially own 100% of 3iQ.

Founded in 2012, 3iQ has previously launched the first Bitcoin and Ethereum funds listed on the Toronto Stock Exchange and introduced the Solana Staking ETF and XRP Spot ETF in 2025.