Monex Group Acquires 97.8% Control of Canadian Crypto Manager 3iQ
Monex Group, the dad or mum firm of Japanese crypto alternate Coincheck, has expanded its possession in Canadian digital asset supervisor 3iQ Digital Holdings to virtually full management.
The determination displays a strategic response to rising institutional curiosity in crypto asset funding, underscoring the corporate’s broader dedication to positioning itself within the evolving digital asset trade.
Monex Expands Ownership in Canadian Crypto Asset Firm
Monex Group announced on Thursday that it had bought a further 20.6 p.c of shares in its Canadian subsidiary, 3iQ Digital Holdings, for roughly $31 million. The transaction raises Monex’s voting rights within the firm to round 97.8 p.c, successfully consolidating its management of the Toronto-based asset supervisor.
Monex initially grew to become the bulk shareholder of 3iQ in April 2024. Since that acquisition, 3iQ has continued introducing new funding merchandise within the digital asset area. These have included a Solana staking ETF launched in April 2025 and an XRP ETF listed on the Toronto Stock Exchange in June of the identical yr. The addition of such merchandise has coincided with a interval of development in belongings below administration, which rose from $785.5 million as of June 2024 to $1.1 billion in June 2025, representing a 39 p.c improve yr on yr.
The group famous that the extra funding was supposed to strengthen its capability to serve institutional traders. This phase has been displaying higher curiosity in structured crypto asset administration merchandise.
Institutional Demand and Market Positioning
The determination displays broader market dynamics, as institutional demand for crypto-related investment autos is progressively increasing. Although the crypto asset market faces regulatory uncertainty and worth volatility, asset managers reminiscent of 3iQ have reported rising curiosity from pension funds, hedge funds, and different institutional purchasers.
Therefore, Monex’s determination to boost its stake indicators a continuation of its strategic dedication to digital belongings, complementing its current operations by Coincheck, one of Japan’s largest crypto exchanges. The newest acquisition underlines an effort to combine 3iQ extra absolutely into its group construction, whereas leaving open the chance of additional product improvement aimed toward institutional markets.
With the transaction accomplished, Monex now has the scope to consolidate administration, broaden its product lineup, and doubtlessly streamline its Canadian operations in step with its total monetary technique. The firm didn’t disclose extra particulars about future funding plans or product launches.
The submit Monex Group Acquires 97.8% Control of Canadian Crypto Manager 3iQ appeared first on BeInCrypto.
