Coincheck Group, the Nasdaq-listed holding company behind Japan crypto exchange Coincheck, has signed a stock purchase agreement with its majority shareholder, Monex Group, to acquire approximately 97% beneficial ownership of 3iQ Corp., a Canadian alternative digital asset manager.
Under the agreement, the parties set an agreed value for 3iQ of $111,840,476 and an agreed value for Coincheck Group stock of $4.00 per ordinary share. Coincheck Group plans to issue 27,149,684 new ordinary shares to Monex in exchange for Monex’s stake in 3iQ’s holding company. Coincheck Group also said it expects to offer the same or substantially equivalent terms to 3iQ’s minority shareholders between signing and closing, potentially issuing up to an additional 810,435 Coincheck Group shares to reach 100% ownership.
The transaction is expected to close in the second calendar quarter of 2026, subject to customary conditions including regulatory approvals and confirmatory due diligence.
Coincheck Group framed the deal as a push deeper into institutional-facing digital asset products and infrastructure as it pursues global expansion. Founded in 2012, 3iQ has focused on offering regulated digital asset exposure within traditional investment accounts, including early exchange-listed bitcoin and ether products in Canada, the QMAP managed account platform for digital asset strategies, and later staking-oriented offerings. The firm has also rolled out additional products in recent years, including a Solana staking ETF and a spot XRP ETF, and has highlighted industry recognition from several awards programs.
Coincheck Group said it intends to explore revenue synergies across its growing set of institutional capabilities, pointing to its October 2025 acquisition of Aplo SAS, a Paris-based registered crypto prime brokerage, and its March 2025 acquisition of Next Finance Tech Co., Ltd., a staking platform services company. The company said the combination could also help spread public company costs across a larger and more diversified revenue base.
KEY QUOTES:
“3iQ adds proven institutional investment products and infrastructure to our platform, helping us serve sophisticated investors as digital assets move further into traditional portfolios.”
Gary A. Simanson, CEO and Executive Director, Coincheck Group
“Moving 3iQ under Coincheck Group strengthens our crypto-asset and wealth management strategy internationally, and we see this as beneficial for both shareholder bases.”
Yuko Seimi, CEO and Representative Executive Officer, Monex Group
