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Canada's Monex Group Increases Stake in Crypto Firm 3iQ to 97.8%

Monex Group, the parent company of the Japanese crypto exchange Coincheck, has solidified its control over the Canadian digital asset manager 3iQ Digital Holdings by acquiring nearly 98% of its shares.

The recent transaction involved an investment of approximately $31 million for an additional 20.6 percent stake in 3iQ, reflecting Monex's commitment to the evolving digital asset space.

This move comes amid rising institutional interest in cryptocurrency investments, highlighting Monex's strategy to cater to this growing market.

Since becoming the majority shareholder in April 2024, 3iQ has successfully launched various investment products, including a Solana staking ETF and an XRP ETF, both of which have contributed to a significant increase in assets under management.

By June 2025, 3iQ's assets grew by 39% year-on-year, reaching $1.1 billion, emphasizing strong demand for crypto investment vehicles among institutional investors.

Monex's stake increase allows the company to strengthen its management and expand its product offerings, particularly aimed at institutional clientele like pension and hedge funds.

Despite the crypto market facing regulatory challenges and volatility, there is an evident growth trajectory in institutional adoption of structured crypto assets.

This strategic investment aligns with Monex's ongoing integration of 3iQ into its broader financial framework and indicates potential future developments in product offerings for institutional markets.

With this consolidation, Monex Group is well-positioned to leverage its enhanced control over 3iQ as the digital asset landscape continues to evolve.

While details regarding future launches remain confidential, the emphasis on institutional demand suggests that Monex is gearing up for sustained growth in the crypto sector.