Coincheck Group N.
V. (Nasdaq: CNCK), the holding company of Coincheck, Inc., a leading Japanese crypto asset exchange, announced its intent to acquire approximately 97% beneficial ownership of 3iQ Corp., a prominent alternative digital asset manager based in Ontario, Canada, from its majority shareholder, Monex Group, Inc.
The transaction is based on an agreed valuation of USD 111,840,476 for 3iQ. Monex Group’s beneficially owned shares in 3iQ’s holding company, representing approximately 97% of 3iQ, are to be exchanged for 27,149,684 newly issued ordinary shares of Coincheck Group, valued at USD 4.00 per share. Coincheck Group also plans to offer equivalent acquisition terms to 3iQ’s minority shareholders, potentially issuing up to an additional 810,435 Coincheck Group ordinary shares to achieve 100% beneficial ownership. The closing of this acquisition is anticipated during the second calendar quarter of 2026, contingent upon customary undertakings, regulatory approvals, and confirmatory due diligence.
Founded in 2012, 3iQ’s mission is to provide investors with access to digital assets through traditional financial accounts. Key accomplishments include becoming Canada’s first regulated Digital Asset Investment Fund Manager in 2017, launching the Global Cryptoasset Fund in 2018, and introducing North America’s first major exchange-listed Bitcoin and Ether Funds on the Toronto Stock Exchange (TSX) in 2020. In 2023, 3iQ launched QMAP, a digital assets managed account platform, and introduced the world’s first Ethereum staking ETF and North America’s first Ether staking ETP. In 2024, Monex acquired a majority stake in 3iQ to support global expansion. Upcoming plans for 2025 include the launch of a Solana Staking ETF and a spot-based XRP ETF, as well as a partnership with UAE-based Further Asset Management to launch Further x 3iQ Alpha Digital, a market-neutral, multi-strategy hedge fund.
3iQ has received industry recognition, including Best Bitcoin ETF Issuer ($100m+) at the etf express Canadian Awards 2025, Fund Manager Innovator of the Year at the WP Awards 2025, Best Digital Asset Investment Manager at The Digital Commonwealth Awards 2025, and Winner for Digital Assets Offering at The Twelfth WealthBriefing MENA Awards for Excellence 2025.
Gary A Simanson, CEO and Executive Director of Coincheck Group, stated, “We expect that 3iQ will bring to Coincheck Group proven innovation, expertise and institutional product offerings and infrastructure recognized in the digital asset investment management space. By combining our strengths, we believe we will be better positioned to meet the needs of institutional and sophisticated investors and firms, including traditional financial institutions now seeking to include digital assets in their portfolio offerings to their customers. We also anticipate that the acquisition will be accretive to our earnings.”
Yuko Seimi, CEO and Representative Executive Officer of Monex, commented, “We believe that this reorganization of our crypto-asset business segment by moving 3iQ under Coincheck Group unleashes increased opportunities for our growth and success internationally in both our crypto-asset and asset & wealth management businesses. We view this as a ‘win-win’ for both Monex and Coincheck Group shareholders.”
This acquisition aligns with Coincheck Group’s strategy for global and institutional expansion, following its October 2025 acquisition of Aplo SAS, a registered crypto prime brokerage in Paris, France, and its March 2025 acquisition of Next Finance Tech Co., Ltd., a staking platform services company. Coincheck Group plans to explore revenue synergies, such as 3iQ and Aplo offering value-added services to each other’s institutional clients, and Next Finance providing staking services to or for 3iQ, Aplo, and Coincheck. The transaction is also expected to help Coincheck Group spread its public company costs over a larger and more diversified revenue base.
Oppenheimer & Co. served as financial advisor to Coincheck Group, with De Brauw Blackstone Westbroek (Netherlands), Simpson Thacher & Bartlett (U.
S.), and Stikeman Elliott (Canada) acting as counsel. Cinaport Capital served as financial consultant, and Wildeboer Dellelce served as counsel, to Monex Group.
Coincheck Group N.
V. is a NASDAQ-listed holding company based in the Netherlands. Its primary subsidiary, Coincheck, Inc., operates one of Japan’s leading crypto asset trading platforms, holding the No.1 ranking in crypto trading app downloads in Japan for over six consecutive years (2019 through June 2025). The company aims to foster an ecosystem for crypto assets and blockchain through advanced technology and robust security. Other operating subsidiaries include Aplo SAS, a crypto prime brokerage in Paris, France, and Next Finance Tech Co., Ltd., which offers staking platform services.
3iQ, founded in 2012, is an alternative digital asset manager known for pioneering institutional-grade investments. It launched the QMAP, the world’s first Digital Assets Managed Account Platform, and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.
U), North America’s first Bitcoin ETP listed on a major global stock exchange. Since its inception, 3iQ has been focused on innovation in digital asset investment management.
