Catenaa, Monday, January 12, 2026-Coincheck Group said it had signed a stock purchase agreement to acquire roughly 97% of Canadian digital asset manager 3iQ Corp. for about $112 million, using 27.1 million newly issued Coincheck shares to settle the transaction.
The Netherlands-based holding company, listed on Nasdaq, operates the Coincheck exchange, one of Japan’s leading crypto trading platforms.
The acquisition is expected to bring institutional-grade products, infrastructure, and expertise from 3iQ to Coincheck’s platform, supporting offerings for institutional and sophisticated investors.
Coincheck said the deal is subject to regulatory approvals and due diligence, with closing anticipated in the second quarter of 2026. The agreement allows for the potential issuance of up to 810,435 additional shares to acquire 3iQ’s remaining minority stakes and achieve full ownership.
Founded in 2014, 3iQ became Canada’s first regulated digital asset investment fund manager in 2017. It launched the country’s first exchange-listed Bitcoin and Ether funds in 2020 and introduced Solana staking and spot-based XRP ETFs last year.
Coincheck said it plans to explore revenue synergies across 3iQ and its recent acquisitions, Paris-based prime brokerage Aplo SAS and staking platform Next Finance Tech, enabling cross-services and staking solutions for institutional clients.
The acquisition marks Coincheck’s third strategic expansion in 12 months and is expected to be accretive to earnings, strengthening its position in institutional digital asset markets.
