Foresight News reports that the Japanese cryptocurrency exchange Coincheck, listed on NASDAQ, announced that it has signed an agreement with Monex Group to acquire approximately 97% of the Canadian digital asset management company 3iQ. According to the agreement, 3iQ is valued at approximately $112 million. Coincheck will issue 27,149,700 new shares to Monex Group at a price of $4.00 per share as consideration for the acquisition. The transaction is expected to be completed in the second quarter of 2026, at which point Coincheck plans to achieve 100% ownership of 3iQ through subsequent acquisitions.
3iQ was founded in 2012 and launched North America’s first Bitcoin and Ethereum funds listed on the Toronto Stock Exchange, and in 2025, it launched a Solana staking ETF and an XRP spot ETF.