Coincheck Group has agreed to acquire a 97% stake in Canada-based digital asset manager 3iQ in a stock transaction valuing the firm at $111.84 million. The deal will be executed using Coincheck Group shares priced at $4 each, with plans to offer identical terms to minority shareholders.
If completed, the transaction would give Coincheck full ownership of 3iQ, subject to regulatory approvals and customary closing conditions.
The deal is expected to close in the second quarter. Founded in 2012, 3iQ provides regulated cryptocurrency exposure through exchange-listed products, staking ETFs, and managed strategies aimed largely at institutional investors.
The acquisition follows Coincheck’s recent expansion, including purchases of crypto prime broker Aplo SAS and staking firm Next Finance Tech. The move reflects a broader trend of exchanges expanding into asset management and institutional services.
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