Monex Group to Acquire Majority Stake in Canada's 3iQ, Digital Asset Manager

With Monex's established infrastructure and 3iQ's expertise, this partnership sets the stage for a new era of institutional involvement and innovation in the world of digital assets.

Monex Group to Acquire Majority Stake in Canada's 3iQ, Digital Asset Manager
Photo by Kanchanara / Unsplash

In a move that ripples across the digital asset world, Japan's financial giant Monex Group has acquired the majority stake in Canadian 3iQ, a crypto asset management. This strategic partnership is set to redefine the landscape, merging Monex's established presence with 3iQ's innovative prowess.

3iQ, a licensed player in Canada, holds a place of honor in crypto history. They were the first in North America to launch regulated exchange-listed funds for Bitcoin and Ethereum, paving the way for countless others. Their offerings continued with Bitcoin and Ethereum ETFs on the Toronto Stock Exchange, further solidifying their leadership.

They pushed boundaries further by integrating Staking capabilities into an Ethereum ETF. And their recent launch of the 3iQ Managed Account Platform (QMAP) showcases their commitment to innovation, offering a comprehensive suite of crypto hedge fund managed accounts for institutions.

This partnership aligns perfectly with the evolving market where major crypto exchanges are venturing into asset management. Monex, through this acquisition, will be able to provide unparalleled outsourced asset management services, catering to the diverse needs of institutional investors and exchanges globally.

"Our long-term strategy is to strengthen our asset management business," says Yuko Seimei, CEO of Monex Group. "Welcoming 3iQ aligns with our ambition to capture the growing crypto asset management requirements of institutions worldwide."

Frederick T. Pye, Chairman and CEO of 3iQ, echoes the enthusiasm, stressing the transformative potential of the collaboration. "This isn't just about growth; it's about realizing our shared vision. Together, we aim to enhance Coincheck's offerings and cater to institutional investors with our expertise in crafting innovative digital asset products."

The future of crypto holds immense possibilities, and this merger marks a bold step towards unlocking them. As the dust settles on this exciting news, one thing is certain: the combined forces of Monex and 3iQ are poised to shape the future of the digital asset world, leaving an indelible mark on this rapidly evolving financial frontier.