2026-01-08 13:08:08

Japan Exchange Group's Coincheck has signed an agreement with its parent company Monex to acquire approximately 97% of the shares of Canadian digital asset management firm 3iQ through an acquisition. This deal values 3iQ at approximately $112 million.

According to the plan, the entire acquisition is expected to be completed by Q2 2026, but it still needs regulatory approval and the completion of due diligence processes. 3iQ, established in 2012, is an established company with a solid foundation in digital asset management.

This acquisition reflects a global trend of exchanges expanding into the digital asset management ecosystem. By acquiring localized asset management teams, Coincheck Group can strengthen its penetration into the North American market and provide users with more professional asset allocation and risk management services. Compared to organic growth of other exchanges, such strategic acquisitions are faster and more targeted.

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RunWhenCut

· 01-10 19:32

It's another merger and acquisition, another expansion—sounds nice, but they're just desperately pushing into North America. Buying an old company from 2012 for 112 million USD—whether this deal is worthwhile depends on how they manage it moving forward.

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LiquidationSurvivor

· 01-10 04:39

1. Another strategic acquisition? Basically just throwing money around to grab territory, huh? 2. North America’s market is so hot? And we’re waiting until 2026 for it to land—how long will the regulators take to approve? 3. Dropping 1.12 billion just to control North American users’ funds—worth it or not, that’s still up in the air. 4. Old-school 3iQ got bought out—who’s really benefiting from this deal? Still pondering that. 5. Coincheck made a pretty quick move—now it’s all about how the regulators will block or unblock.

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GasFeeSobber

· 01-08 13:38

Another acquisition and valuation—can it truly materialize? By the second quarter of 2026, even the daylilies will have withered.

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MetaverseMigrant

· 01-08 13:34

Ha, the Japanese are shopping again. This time targeting North American asset management teams? Will they pass the regulatory hurdles? I'm a bit worried... 1.12 billion spent just to enter North America? That seems a bit aggressive. Really? Can 3iQ bring anything new to Coincheck? I can't see it yet. Not until 2026? Wait a minute, what if the market changes again by then...

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OptionWhisperer

· 01-08 13:24

It's another merger and acquisition, another expansion. This routine is all too familiar. It still depends on whether the regulators will approve it. The second quarter of 2026 is too far away.

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AirdropHunterZhang

· 01-08 13:24

Here comes the usual pump and dump? But a valuation of 112 million is still okay, much more reliable than some shoddy exchange projects going all-in.

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LeverageAddict

· 01-08 13:22

It's Japanese people causing trouble in North America again, acquiring 97% for $112 million. Isn't this price a bit too cheap? Not launching until 2026? No one knows how they will pass the regulatory hurdles. But Coincheck's move is indeed ruthless, much faster than building it up slowly themselves. Everyone wants a piece of the lucrative North American market. The veteran 3iQ being acquired is somewhat bittersweet.

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