Coincheck Group, the holding company of the Japanese crypto exchange Coincheck, has signed a purchase agreement to acquire 97% of the Toronto-based digital asset investment manager 3iQ. 3iQ had C$1.652 billion in assets under management as of December 2025, according to Monex Group. According to the announcement, the deal values 3iQ at nearly $112 million, which will be funded using 27,149,684 newly issued Coincheck shares of common stock priced at $4.00 per share.
The new shares will be sold by Monex Group, Inc. (Monex), the majority shareholder of Coincheck Group. The transaction is expected to close in the second quarter of 2026, with plans to offer the same or substantially equivalent acquisition consideration terms to 3iQ’s minority shareholders, issuing an additional 810,435 Coincheck Group ordinary shares to own 100% of 3iQ.
Commenting on the proposed acquisition, Gary A. Simanson, CEO and Executive Director of Coincheck Group, said in a statement: “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, added: “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.”
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