Coincheck Acquires 97% of 3iQ for $111.84 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Acquisition Deal: Coincheck Group has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ for $111.84 million, priced at $4 per share, with the deal expected to close in Q2, marking a significant expansion into the North American market.
- Business Integration: This acquisition will provide Coincheck with direct exposure to regulated crypto investment products, adding fee-based asset management revenue and reducing reliance on volatile spot trading, thereby enhancing revenue stability.
- Market Positioning: 3iQ focuses on offering structured investment products for traditional financial channels, allowing Coincheck to tap into the rapidly growing regulated crypto fund market and meet the increasing demand from institutional investors.
- Strategic Expansion: This transaction is part of a series of acquisitions by Coincheck aimed at building international and institutional operations, further driving its transition from a retail trading model to a diversified financial platform.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
