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Coincheck to Acquire Canadian Asset Management Company 3iQ for Approximately $112 Million
Summary: According to reports, the NASDAQ-listed Japanese cryptocurrency exchange platform Coincheck has announced an agreement with Monex Group to acquire approximately 97% of the shares of Canadian digital asset management company 3iQ. Under the agreement, the total valuation of 3iQ is approximately $112 million, with the price of Coincheck Group common stock set at $4.00 per ...
According to reports, the NASDAQ-listed Japanese cryptocurrency exchange platform Coincheck has announced an agreement with Monex Group to acquire approximately 97% of the shares of Canadian digital asset management company 3iQ. Under the agreement, the total valuation of 3iQ is approximately $112 million, with the price of Coincheck Group common stock set at $4.00 per share. Monex's beneficially owned, publicly issued shares in the holding company of 3iQ (representing approximately 97% of the beneficial ownership of 3iQ) will be exchanged for 27,149,684 newly issued shares of Coincheck Group common stock. The agreement also stipulates that between signing and closing, Coincheck Group will provide the same or substantially equivalent consideration to the minority shareholders of 3iQ, issuing up to 810,435 shares of Coincheck Group common stock in total, thereby giving Coincheck Group 100% ownership of 3iQ. 3iQ, established in 2012, has previously launched the first Bitcoin and Ethereum funds listed on the Toronto Stock Exchange in North America, and in 2025 introduced Solana Staking ETF and XRP Spot ETF.
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Link: Coincheck to Acquire Canadian Asset Management Company 3iQ for Approximately $112 Million [Copy]
