Summary
- Nasdaq-listed Japanese crypto asset exchange Coincheck Group said it signed an agreement to acquire 97% of Canadian digital asset manager 3iQ for $112 million.
- It said the acquisition is part of Coincheck Group’s global asset-management expansion strategy, aimed at strengthening the competitiveness of digital asset products for traditional financial institutions and institutional investors.
- It said 3iQ runs Bitcoin- and Ethereum-based investment products and has a North American institutional investor network, and will be incorporated as a subsidiary under Coincheck Group once the process is completed.
Coincheck Group, a Nasdaq-listed Japanese crypto asset (cryptocurrency) exchange, is set to acquire the majority stake in Canadian digital asset investment manager 3iQ.
According to crypto-focused media outlet Crypto Briefing on the 8th (local time), Coincheck Group signed an agreement to acquire 97% of 3iQ, a Toronto-headquartered digital asset manager. The deal value is $112 million.
The acquisition is part of Coincheck Group’s strategy to expand its global asset-management business, aiming to strengthen the competitiveness of its digital asset products for traditional financial institutions and institutional investors.
3iQ is a leading Canadian digital asset manager that has run Bitcoin- and Ethereum-based investment products and maintains a network of institutional investors across North America.
The acquisition process is expected to be completed in the second quarter of this year, and upon closing, 3iQ will be incorporated as a subsidiary under Coincheck Group.


JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.





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