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

According to Mars Finance, on January 8th, Coincheck, a Nasdaq-listed Japanese cryptocurrency exchange, announced that it had signed an agreement with Monex Group to acquire approximately 97% of the equity in Canadian digital asset management company 3iQ. Under the agreement, the overall valuation of 3iQ is $112 million, while the price for each Coincheck Group common share is $4.00. All outstanding shares of 3iQ beneficially held by Monex in its holding company (representing 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 acquisition consideration to 3iQ's minority shareholders, issuing a maximum of 810,435 Coincheck Group common shares, thereby giving Coincheck Group beneficial ownership of 100% of 3iQ. Founded in 2012, 3iQ launched the first Bitcoin and Ethereum funds in North America to be listed on the Toronto Stock Exchange, and in 2025 launched the Solana Staking ETF and the XRP Spot ETF.