Coincheck Group, the Nasdaq-listed parent of a major Japanese cryptocurrency exchange, has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ in a stock transaction valued at approximately $112 million. The deal values 3iQ shares at $4 each and is expected to close in the second quarter, pending regulatory approvals.
Founded in 2012, 3iQ specializes in regulated digital asset investment products, including exchange-listed crypto funds, staking-based ETFs, and managed strategies tailored primarily to institutional investors. The acquisition would give Coincheck greater exposure to regulated asset management and deepen its footprint in North America.
The transaction reflects a broader industry trend of crypto exchanges expanding beyond spot trading into asset management, staking, and institutional services. For Coincheck, which listed on Nasdaq in late 2024, the deal supports its strategy of building diversified revenue streams while strengthening compliance-focused offerings in mature regulatory markets.
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