Monex Group Secures Majority Stake in Canada-based 3iQ Japan-based
Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ.
According to a press release published Thursday,
3iQ will collaborate with Coincheck, a Japanese cryptocurrency exchange acquired by Monex Group back in 2018, to bolster the digital asset offerings focused on institutional investors. The collaboration will also result in improved liquidity
for the 1.8 million customers of Coincheck who are already involved in the cryptocurrency industry. Frederick T. Pye, chairman and CEO of 3iQ,
said the collaboration was a “win-win” that also had the potential to “reshape the industry.” “This partnership is not just about growth; it’s a thrilling leap towards realizing our dream,” Pye said.
“We’ve always been passionate about bringing regulated, innovative digital asset products to investors worldwide, and now, with Monex Group, we can turbocharge this mission.” Yuko Seimei, CEO of Monex Group,
expressed similar sentiments, emphasizing that the partnership between the two entities would help facilitate the widespread adoption of digital assets.
