Monex Group, the parent company of Crypto Exchange Coincheck in Japan, has expanded to get almost full control over ownership of Canadian Digital Asset Manager 3IQ Digital Holdings.
The decision highlights the company’s broader commitment to positioning in the evolving digital asset industry and reflects the strategic response to growing institutional interest in cryptocurrency investments.
Monex expands ownership of Canadian cryptocurrency companies
Monex Group announced Thursday that it had purchased 20.6% of its stake in Canadian subsidiary 3IQ Digital Holdings for around $31 million. The transaction will increase the voting rights of Monex’s company to around 97.8%, effectively consolidating the management of Toronto-based asset managers.
Monex initially became a majority shareholder of 3IQ in April 2024. Since its acquisition, 3IQ has continued to introduce new investment products into the digital assets sector. These include the Solana Staking ETF, which was launched in April 2025, and the XRP ETF, which was listed on the Toronto Stock Exchange in June of the same year. The addition of such products coincides with the growth period of managed assets, increasing from $785.5 million as of June 2024 to $1.1 billion in June 2025, an increase of 39% year-on-year.
The group noted that additional investments are intended to enhance their ability to serve institutional investors. This segment shows great interest in structured cryptocurrency management products.
Institutional demand and market positioning
The decision reflects the broader market dynamics as institutional demand for crypto-related investment vehicles gradually expands. While Crypto Asset Market faces regulatory uncertainty and price volatility, asset managers such as 3IQ have reported growing interest from pension funds, hedge funds and other institutional clients.
Therefore, Monex’s decision to raise interests indicates the continued strategic commitment to digital assets, complementing existing operations through Coincheck, one of Japan’s largest crypto exchanges. The latest acquisition highlights efforts to integrate 3IQ into the group structure more fully, but leaves the possibilities for further product development targeting the institutional market open.
Once the transaction was completed, Monex could now consolidate its management, expand its product lineup and streamline its operations in Canada along with its overall financial strategy. The company did not disclose any additional details regarding future investment plans or product launches.