Coincheck Acquires 97% of 3iQ for $112M to Enhance Digital Asset Services
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Acquisition Deal: Coincheck Group N.V. announced a $112 million acquisition of a 97% stake in Canadian digital asset manager 3iQ, targeting completion in Q2 2026, which will significantly enhance its digital asset management capabilities, particularly for institutional investors.
- Market Impact: This acquisition is expected to provide Coincheck with a broader range of digital asset services, although no immediate impact on valuations of major cryptocurrencies like BTC and ETH is noted, it may enhance its competitive position in the long run.
- Equity Structure Change: The transaction involves delivering 27.15 million shares of Coincheck to Monex Group, Inc., with the potential for an additional 810,435 shares to 3iQ's minority shareholders, marking a shift in Monex's control to Coincheck and further solidifying Coincheck's position in the digital asset space.
- Strategic Outlook: Coincheck aims to leverage 3iQ's regulated products and infrastructure to drive new revenue synergies, although the full benefits will only be realized post-regulatory and due diligence completion, this move demonstrates its long-term commitment to the digital asset market.
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.
