Coincheck plans to acquire Canadian asset management firm 3iQ for approximately $112 million

On January 8th, the NASDAQ-listed Japanese cryptocurrency trading platform Coincheck announced that it has signed an agreement with Monex Group to acquire approximately 97% of the shares of Canadian digital asset management company 3iQ. Under the agreement, the total valuation of 3iQ is set at $112 million, with Coincheck Group’s common stock valued at $4.00 per share. Monex’s beneficial ownership of all issued and outstanding shares of 3iQ Holdings (approximately 97% beneficial ownership of 3iQ) will be exchanged for 27,149,684 newly issued Coincheck Group common shares. The agreement also stipulates that, between signing and closing, Coincheck Group will offer the same or substantially equivalent purchase price to 3iQ’s minority shareholders, issuing them up to 810,435 Coincheck Group common shares, thereby making Coincheck Group the 100% beneficial owner of 3iQ. Founded in 2012, 3iQ launched North America’s first Bitcoin and Ethereum funds listed on the Toronto Stock Exchange and introduced a Solana staking ETF and XRP spot ETF in 2025.