Coincheck Group has agreed to acquire up to 100 per cent of Canadian digital asset manager 3iQ in a share-based transaction valued at roughly $112 million, marking a significant expansion of its institutional product capabilities.
Under the agreement, Coincheck will issue 27.15 million new shares to Monex Group, its majority shareholder, in exchange for Monex’s 97 per cent stake in 3iQ.
The company plans to offer the same terms to minority shareholders, potentially bringing total ownership of 3iQ to 100 per cent. The deal is expected to close in the second quarter of 2026.
Founded in 2012, 3iQ is one of the industry’s earliest digital-asset investment specialists. Its milestones include launching Canada’s first regulated digital-asset fund manager, North America’s first major listed Bitcoin and Ether funds, and a series of staking-based ETFs and ETPs covering Ethereum, Solana and XRP.
The firm also operates QMAP, a managed-account platform designed for institutional investors.
Coincheck said the acquisition would strengthen its institutional offering and generate potential revenue synergies across its existing businesses, including crypto prime brokerage Aplo and staking platform Next Finance.
Chief executive Gary Simanson believes 3iQ’s innovation and institutional-grade infrastructure will enable the combined group to meet the growing demand from financial institutions entering the digital asset market.
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