Monex Group, the parent company of Japanese crypto exchange Coincheck, has expanded its ownership in Canadian digital asset manager 3iQ Digital Holdings to almost complete control.
The decision reflects a strategic response to rising institutional interest in crypto asset investment, underscoring the company’s broader commitment to positioning itself in the evolving digital asset industry.
Monex Expands Ownership in Canadian Crypto Asset Firm
Monex Group announced on Thursday that it had purchased an additional 20.6 percent of shares in its Canadian subsidiary, 3iQ Digital Holdings, for approximately $31 million. The transaction raises Monex’s voting rights in the company to around 97.8 percent, effectively consolidating its control of the Toronto-based asset manager.
Monex initially became the majority shareholder of 3iQ in April 2024. Since that acquisition, 3iQ has continued introducing new investment products in the digital asset space. These have included a Solana staking ETF launched in April 2025 and an XRP ETF listed on the Toronto Stock Exchange in June of the same year. The addition of such products has coincided with a period of growth in assets under management, which rose from $785.5 million as of June 2024 to $1.1 billion in June 2025, representing a 39 percent increase year on year.
The group noted that the additional investment was intended to strengthen its ability to serve institutional investors. This segment has been showing greater interest in structured crypto asset management products.
Institutional Demand and Market Positioning
The decision reflects broader market dynamics, as institutional demand for crypto-related investment vehicles is gradually expanding. Although the 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 its stake signals a continuation of its strategic commitment to digital assets, complementing its existing operations through Coincheck, one of Japan’s largest crypto exchanges. The latest acquisition underlines an effort to integrate 3iQ more fully into its group structure, while leaving open the possibility of further product development aimed at institutional markets.
With the transaction completed, Monex now has the scope to consolidate management, expand its product lineup, and potentially streamline its Canadian operations in line with its overall financial strategy. The company did not disclose additional details about future investment plans or product launches.
