Nasdaq-listed Coincheck to acquire 3iQ for $112M to bolster digital asset offerings
Coincheck strengthens presence with strategic acquisition to enhance cross-border synergy in digital investment landscape.
Key Takeaways
- Coincheck Group is acquiring 3iQ, a Canadian digital asset manager, for $112 million.
- This acquisition involves a stock purchase agreement, granting Coincheck 97% ownership of 3iQ.
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Nasdaq-listed Coincheck Group NV, which operates one of Japan’s leading crypto exchanges, has entered into an agreement to acquire 97% of Toronto-based digital asset investment manager 3iQ, according to a Thursday press release.
The deal, valued at approximately $112 million, involves the exchange of shares owned by Monex, Coincheck Group’s majority shareholder, for newly issued ordinary shares of Coincheck Group.
The acquisition, expected to close in the second quarter of 2026, aims to expand Coincheck Group’s global presence and enhance its digital asset offerings. The transaction also includes provisions for acquiring the remaining shares from 3iQ’s minority shareholders, aiming for 100% ownership.
