Source: CryptoBriefing
Original Title: Nasdaq-listed Coincheck to acquire 3iQ for $112M to bolster digital asset offerings
Original Link:
Overview
Nasdaq-listed Coincheck Group NV, which operates one of Japan’s leading crypto exchanges, has entered into an agreement to acquire 97% of Toronto-based digital asset investment manager 3iQ, according to a press release.
The deal, valued at approximately $112 million, involves the exchange of shares owned by Monex, Coincheck Group’s majority shareholder, for newly issued ordinary shares of Coincheck Group.
Key Details
Acquisition Stake: 97% ownership of 3iQ
Deal Value: Approximately $112 million
Expected Closing: Second quarter of 2026
Majority Shareholder: Monex
Strategic Impact
The acquisition aims to expand Coincheck Group’s global presence and enhance its digital asset offerings. The transaction also includes provisions for acquiring the remaining shares from 3iQ’s minority shareholders, with the goal of achieving 100% ownership of the digital asset investment manager.
This move positions Coincheck to strengthen its capabilities in the competitive digital asset management space.
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ForkPrince
· 01-08 15:51
Japanese exchanges are once again investing heavily in integration, with 112M directly investing in 3iQ... It seems this move is about banding together for mutual support; the market isn't as easy to navigate as imagined.
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MetaNomad
· 01-08 15:51
Coincheck's acquisition game is pretty good, but is it worth paying 112M for 3iQ? Feels a bit expensive.
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NFTArchaeologis
· 01-08 15:51
Japanese exchanges acquire Canadian fund management companies; ultimately, it's about competing for institutional funding influence. The figure of $112 million may not seem particularly impressive in the current narrative, but it reflects a forced strategic adjustment—whoever controls compliant asset custody will seize the ticket to enter the next cycle.
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UncleLiquidation
· 01-08 15:49
Coincheck is starting to buy again? Investing $112 million, this is stockpiling for the bear market.
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AirdropDreamer
· 01-08 15:39
coincheck is really going big, acquiring 3iQ for $112 million... Japanese exchanges are really wealthy
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SerLiquidated
· 01-08 15:38
Coincheck acquires 3iQ? Is this deal worth it? Investing $112 million just to expand asset classes... But speaking of which, Japanese exchanges have indeed been making efforts in the past two years.
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HashRateHermit
· 01-08 15:31
Another merger and acquisition: Japanese exchanges acquire a Canadian asset management company. What new tricks can be pulled off with a $112M investment?
Nasdaq-listed Coincheck to acquire 3iQ for $112M to expand digital asset offerings
Source: CryptoBriefing Original Title: Nasdaq-listed Coincheck to acquire 3iQ for $112M to bolster digital asset offerings Original Link:
Overview
Nasdaq-listed Coincheck Group NV, which operates one of Japan’s leading crypto exchanges, has entered into an agreement to acquire 97% of Toronto-based digital asset investment manager 3iQ, according to a press release.
The deal, valued at approximately $112 million, involves the exchange of shares owned by Monex, Coincheck Group’s majority shareholder, for newly issued ordinary shares of Coincheck Group.
Key Details
Strategic Impact
The acquisition aims to expand Coincheck Group’s global presence and enhance its digital asset offerings. The transaction also includes provisions for acquiring the remaining shares from 3iQ’s minority shareholders, with the goal of achieving 100% ownership of the digital asset investment manager.
This move positions Coincheck to strengthen its capabilities in the competitive digital asset management space.