Monex Group Takes Control of 3iQ: A Boost for Digital Asset Management
The Monex Group, parent company of Japan-based cryptocurrency exchange Coincheck, has solidified its position in the evolving crypto investment sector. Through a strategic acquisition, the company increased its ownership stake in the Canadian digital asset manager, 3iQ Digital Holdings, to 97.8%. This move underscores Monex’s commitment to meeting the growing institutional demand for cryptocurrencies in an ever-changing financial landscape.
Why Monex Increased Its Stake
On Thursday, Monex announced the purchase of an additional 20.6% of shares in 3iQ Digital Holdings for approximately $31 million (CAD 45.84 million). The acquisition enhances Monex’s voting rights and provides the group nearly complete control over the Toronto-based crypto asset manager. Since its initial investment in April 2024, Monex has emphasized expanding its footprint in the digital asset space through its partnership with 3iQ.
3iQ continues to innovate and introduce new solutions for investors. Most notably, the company launched a Solana Staking ETF in April 2025 and an XRP-focused ETF on the Toronto Stock Exchange in June the same year. These developments have attracted institutional investors, leading to a 39% year-over-year growth in assets under management, rising to CAD 1.51 billion from CAD 785.5 million.
Meeting Institutional Demand
The acquisition aligns with Monex’s strategy to strengthen its appeal to institutional investors. Institutional clients, such as pension funds and hedge funds, are increasingly seeking structured products in the crypto asset space despite regulatory uncertainty and price volatility.
Monex’s move solidifies its position as a leading player in the crypto market, complementing the services offered by its subsidiary Coincheck. Coincheck, one of Japan’s largest crypto exchanges, works in tandem with 3iQ to refine the group’s digital asset offerings.
The Next Steps for Monex and 3iQ
With enhanced control over 3iQ, Monex plans to integrate the Canadian operations more deeply within its global infrastructure. The acquisition opens opportunities for new product development aimed at institutional markets and further streamlining current operations. Although no immediate plans for future products or investments have been disclosed, experts anticipate continued innovation and expansion of the 3iQ portfolio.
Looking to Invest in Crypto? Try 3iQ ETFs
For those interested in tapping into structured cryptocurrency investments, 3iQ’s ETFs provide an excellent entry point. Their latest ETFs, like the XRP ETF and Solana Staking ETF, cater to investors seeking innovative exposure to cryptocurrencies. Visit 3iQ’s website to learn more about their offerings.
Disclaimer: This article is for informational purposes only. Always consult with a financial advisor before making any investment decisions.
