3iQ chair and CEO Frederick Pye said the firm planned to collaborate with Coincheck — acquired by Monex in 2018 — as part of the deal.
Japan-based brokerage firm, asset manager, and crypto exchange Monex Group announced it plans to purchase a majority stake in 3iQ Digital Holdings.
In a Dec. 28 announcement, Monex cited 3iQ’s experience listing some of the first spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds in North America as part of the reason for the acquisition. The Canada-based firm launched a Bitcoin fund in 2020, years ahead of potential approval for similar products by the United States Securities and Exchange Commission.
“Our long term strategy is to strengthen our asset management business, and by welcoming 3iQ to our group, we aim to achieve high growth by capturing the crypto asset management needs of institutional investors and crypto asset exchanges around the world, which are expected to grow in the future,” said Monex CEO Yuko Seimei.
